Yahoo! Upgraded to Buy by Thomson Reuters/Verus (YHOO)
Yahoo! (NASDAQ:YHOO) was upgraded by research analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a report released on Monday, AmericanBankingNews.com reports.
YHOO has been the subject of a number of other recent research reports. Analysts at Pivotal Research reiterated a “hold” rating on shares of Yahoo! in a research note to investors on Thursday. They now have a $30.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Yahoo! from $31.00 to $34.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Yahoo! from $31.00 to $39.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Twenty-one analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.48.
Shares of Yahoo! (NASDAQ:YHOO) traded down 2.15% during mid-day trading on Monday, hitting $34.14. The stock had a trading volume of 15,448,721 shares. Yahoo! has a one year low of $15.65 and a one year high of $35.06. The stock has a 50-day moving average of $29.94 and a 200-day moving average of $26.96. The company has a market cap of $34.834 billion and a price-to-earnings ratio of 9.61.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.