Twitter’s Buy Rating Reaffirmed at RBC Capital (TWTR)
Twitter (NYSE:TWTR)‘s stock had its “buy” rating reaffirmed by stock analysts at RBC Capital in a report issued on Thursday, StockRatingsNetwork reports.
Twitter (NYSE:TWTR) opened at 65.97 on Thursday. 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 $62.40 and its 200-day moving average is $54.55. The company’s market cap is $35.934 billion.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Twitter will post $-0.19 earnings per share for the current fiscal year.
TWTR has been the subject of a number of other recent research reports. Analysts at Atlantic Securities downgraded shares of Twitter from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday. Separately, analysts at UBS AG downgraded shares of Twitter from a “neutral” rating to a “sell” rating in a research note to investors on Thursday. Finally, analysts at Stifel Nicolaus downgraded shares of Twitter from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Eleven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $47.57.
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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