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Telsey Advisory Group assumed coverage on shares of Twitter (NYSE:TWTR) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “not rated” rating and a $70.00 price target on the stock. Telsey Advisory Group’s target price suggests a potential upside of 15.57% from the stock’s previous close.

Shares of Twitter (NYSE:TWTR) traded down 1.62% on Thursday, hitting $60.57. The stock had a trading volume of 16,728,365 shares. Twitter has a 1-year low of $38.80 and a 1-year high of $74.73. The stock’s 50-day moving average is $56.47 and its 200-day moving average is $52.18. The company’s market cap is $32.992 billion.

A number of other firms have also recently commented on TWTR. Analysts at Nomura initiated coverage on shares of Twitter in a research note to investors on Wednesday. They set a “neutral” rating and a $60.00 price target on the stock. Separately, analysts at FBN Securities initiated coverage on shares of Twitter in a research note to investors on Tuesday. They set a “sector perform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “positive” rating on shares of Twitter in a research note to investors on Monday. They now have a $65.00 price target on the stock. Ten investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $46.63.

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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