AOL Coverage Initiated by Analysts at Nomura (AOL)
Investment analysts at Nomura assumed coverage on shares of AOL (NYSE:AOL) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $46.00 price target on the stock. Nomura’s target price would indicate a potential downside of 3.87% from the stock’s previous close.
The analysts wrote, “While subscription declines and expense trends have improved, we think investors will wait for signs of programmatic ad pricing growth, expanding Networks margins, and mobile traffic and monetization acceleration for AOL’s owned properties before revaluing the shares from here,”
In other AOL news, EVP Julie Jacobs sold 1,397 shares of AOL stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $44.62, for a total value of $62,334.14. Following the completion of the transaction, the executive vice president now directly owns 39,981 shares in the company, valued at approximately $1,783,952. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of AOL from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $49.60 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of AOL from $52.00 to $60.00 in a research note to investors on Monday, January 6th. They now have a “not rated” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $45.66.
Shares of AOL (NYSE:AOL) traded down 2.05% during mid-day trading on Wednesday, hitting $46.87. The stock had a trading volume of 829,364 shares. AOL has a 52-week low of $29.39 and a 52-week high of $48.11. The stock has a 50-day moving average of $44.85 and a 200-day moving average of $38.68. The company has a market cap of $3.678 billion and a price-to-earnings ratio of 43.54.
AOL (NYSE:AOL) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.33. The company had revenue of $561.00 million for the quarter, compared to the consensus estimate of $548.81 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that AOL will post $2.03 earnings per share 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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