EarthLink Inc. Reaches New 12-Month Low at $4.68 (ELNK)
EarthLink (NASDAQ:ELNK)’s share price reached a new 52-week low during trading hours on Tuesday, American Banking News.com reports. The company traded as low as $4.68 and last traded at $4.73, with a volume of 1,614,440 shares traded. The stock had previously closed at $4.83.
A number of analysts have recently weighed in on ELNK shares. Analysts at Jefferies Group initiated coverage on shares of EarthLink in a research note to investors on Thursday, December 19th. They set an “underperform” rating and a $4.00 price target on the stock. Separately, analysts at Zacks upgraded shares of EarthLink from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. They now have a $5.10 price target on the stock. Finally, analysts at Zacks downgraded shares of EarthLink from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, October 23rd. They now have a $4.90 price target on the stock.
EarthLink has a 1-year low of $4.70 and a 1-year high of $7.07. The stock’s 50-day moving average is $5.10 and its 200-day moving average is $5.29. The company’s market cap is $482.2 million.
EarthLink (NASDAQ:ELNK) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $308.60 million for the quarter, compared to the consensus estimate of $308.55 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Analysts expect that EarthLink will post $-2.72 EPS for the current fiscal year.
EarthLink, Inc (NASDAQ:ELNK), is a network, communications and information technology (IT) services provider to business and residential customers in the United States.
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