AOL Coverage Initiated at Merrill Lynch (AOL)
Analysts at Merrill Lynch assumed coverage on shares of AOL (NYSE:AOL) in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on AOL. Analysts at Bank of America Corp. initiated coverage on shares of AOL in a research note to investors on Wednesday. They set a “buy” rating and a $35.19 price target on the stock. Separately, analysts at UBS AG initiated coverage on shares of AOL in a research note to investors on Thursday, September 19th. They set a “fair value” rating on the stock. They noted that the move was a valuation call. Finally, analysts at CRT Capital initiated coverage on shares of AOL in a research note to investors on Thursday, September 19th. They set a “fair value” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $42.26.
In other AOL news, EVP Julie M. Jacobs unloaded 4,876 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $33.52, for a total value of $163,443.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of AOL (NYSE:AOL) traded up 5.60% on Wednesday, hitting $37.16. 2,078,711 shares of the company’s stock traded hands. AOL has a 1-year low of $29.16 and a 1-year high of $43.93. The stock’s 50-day moving average is $35.01 and its 200-day moving average is $36.61. The company has a market cap of $2.853 billion and a price-to-earnings ratio of 27.54.
AOL (NYSE:AOL) last announced its earnings results on Wednesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $541.30 million for the quarter, compared to the consensus estimate of $539.66 million. During the same quarter in the previous year, the company posted $10.17 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that AOL will post $1.52 EPS for the current fiscal year.
AOL Inc (NYSE:AOL) is a global Web services company with a range of brands and offerings and a global audience.
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