Constant Contact Stock Rating Upgraded by Zacks (CTCT)
Constant Contact (NASDAQ:CTCT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Wednesday, AR Network reports. The firm currently has a $33.60 target price on the stock. Zacks‘ target price would suggest a potential upside of 12.83% from the stock’s previous close.
Constant Contact (NASDAQ:CTCT) traded down 0.10% on Wednesday, hitting $29.75. The stock had a trading volume of 217,339 shares. Constant Contact has a one year low of $11.75 and a one year high of $32.91. The stock has a 50-day moving average of $29.65 and a 200-day moving average of $24.09. The company has a market cap of $912.2 million and a P/E ratio of 99.60.
A number of other firms have also recently commented on CTCT. Analysts at Credit Suisse raised their price target on shares of Constant Contact from $24.00 to $29.00 in a research note to investors on Tuesday. Separately, analysts at Oppenheimer raised their price target on shares of Constant Contact from $29.00 to $38.00 in a research note to investors on Friday, January 24th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Constant Contact from $28.00 to $37.00 in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $29.33.
Constant Contact, Inc (NASDAQ:CTCT) is a provider of on-demand engagement marketing tools that are designed for small organizations, including small businesses, associations and non-profits.
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