Twitter Downgraded by CRT Capital to Fair Value (TWTR)
Twitter (NYSE:TWTR) was downgraded by analysts at CRT Capital from a “buy” rating to a “fair value” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Twitter (NYSE:TWTR) opened at 69.00 on Monday. Twitter has a 52 week low of $38.80 and a 52 week high of $74.73. The stock’s 50-day moving average is $51.97 and its 200-day moving average is $50.6. The company’s market cap is $37.584 billion.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley downgraded shares of Twitter to an “underweight” rating in a research note to investors on Monday. Separately, analysts at Global Equities Research initiated coverage on shares of Twitter in a research note to investors on Monday, December 30th. They set an “equal weight” rating and a $60.00 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of Twitter in a research note to investors on Sunday, December 29th. They set an “average” rating on the stock. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $45.25.
Twitter operates a free digital service site that blends social networking with the ability to post short messages (NYSE:TWTR) limited to 140 characters or less, commonly known by users as Tweets.
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