Millennial Media Upgraded to Neutral by Zacks (MM)
Millennial Media (NYSE:MM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, American Banking News reports. The firm currently has a $7.50 price objective on the stock. Zacks‘ price target indicates a potential upside of 2.46% from the stock’s previous close.
Shares of Millennial Media (NYSE:MM) traded down 0.82% on Tuesday, hitting $7.26. The stock had a trading volume of 784,183 shares. Millennial Media has a 52 week low of $5.78 and a 52 week high of $14.66. The stock has a 50-day moving average of $6.81 and a 200-day moving average of $7.43. The company’s market cap is $591.7 million.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners initiated coverage on shares of Millennial Media in a research note to investors on Monday, December 2nd. They set an “overweight” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Millennial Media in a research note to investors on Friday, November 15th. They set a “neutral” rating and a $7.00 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Millennial Media from $10.00 to $8.00 in a research note to investors on Thursday, November 14th. They now have a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.28.
Millennial Media, Inc (NYSE:MM) is a mobile advertising platform company.
To view Zacks’ full report, visit www.zacks.com
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