Yahoo! Inc. Sets New 1-Year High at $41.20 (YHOO)
Yahoo! (NASDAQ:YHOO) set a new 52-week high during trading hours on Tuesday, American Banking News.com reports. The company traded as high as $41.20 and last traded at $40.86, with a volume of 11,702,747 shares. The stock had previously closed at $39.93.
YHOO has been the subject of a number of recent research reports. Analysts at Merrill Lynch reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Monday. Separately, analysts at Bank of America Corp. raised their price target on shares of Yahoo! to $44.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Finally, analysts at UBS AG raised their price target on shares of Yahoo! to $44.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Twenty-one research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $34.00.
Yahoo! has a 52-week low of $18.89 and a 52-week high of $41.05. The stock’s 50-day moving average is $38.61 and its 200-day moving average is $31.93. The company has a market cap of $41.511 billion and a P/E ratio of 34.45.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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