Valassis Communications Stock Rating Lowered by Zacks (VCI)
Valassis Communications (NYSE:VCI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a $25.70 price target on the stock. Zacks‘ price objective indicates a potential downside of 5.10% from the stock’s previous close.
Valassis Communications (NYSE:VCI) traded up 1.88% on Tuesday, hitting $27.59. The stock had a trading volume of 282,810 shares. Valassis Communications has a 52 week low of $23.69 and a 52 week high of $31.34. The stock’s 50-day moving average is $28.45 and its 200-day moving average is $27.25. The company has a market cap of $1.067 billion and a P/E ratio of 9.80.
Valassis Communications (NYSE:VCI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.13. The company had revenue of $489.40 million for the quarter, compared to the consensus estimate of $494.90 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts predict that Valassis Communications will post $2.95 earnings per share for the current fiscal 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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