Twitter Rating Lowered to Underperform at Sterne Agee (TWTR)
Twitter (NYSE:TWTR) was downgraded by analysts at Sterne Agee to an “underperform” rating in a research report issued to clients and investors on Thursday, Analyst Ratings News reports.
Several other analysts have also recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Twitter to $48.00 in a research note to investors on Thursday. Separately, analysts at RBC Capital reiterated a “buy” rating on shares of Twitter in a research note to investors on Thursday. Finally, analysts at Atlantic Securities downgraded shares of Twitter from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday. Twelve equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. Twitter has an average rating of “Hold” and an average price target of $47.57.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $243.00 million for the quarter, compared to the consensus estimate of $218.45 million.
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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