Valassis Communications Inc. Hits New 52-Week High at $31.44 (VCI)
Shares of Valassis Communications (NYSE:VCI) hit a new 52-week high during trading on Monday, AnalystRatingsNetwork.com reports. The stock traded as high as $31.44 and last traded at $31.25, with a volume of 420,945 shares trading hands. The stock had previously closed at $31.22.
Separately, analysts at TheStreet upgraded shares of Valassis Communications to a “buy” rating in a research note to investors on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Valassis Communications currently has an average rating of “Hold” and a consensus price target of $31.00.
Valassis Communications has a 1-year low of $23.69 and a 1-year high of $31.44. The stock has a 50-day moving average of $29.03 and a 200-day moving average of $27.33. The company has a market cap of $1.181 billion and a price-to-earnings ratio of 10.51.
Valassis Communications (NYSE:VCI) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.77 by $0.07. The company had revenue of $495.90 million for the quarter, compared to the consensus estimate of $507.58 million. During the same quarter last year, the company posted $0.76 earnings per share. Valassis Communications’s revenue was down 8.2% compared to the same quarter last year.
Valassis Communications, Inc (NYSE:VCI) is a media delivery, providing over 15,000 advertisers and media solutions to influence consumers wherever they plan, shop, buy and share.
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