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AOL (NYSE:AOL) was downgraded by equities researchers at Bank of America Corp. from a “buy” rating to a “neutral” rating in a research report issued on Friday, Analyst Ratings Net reports. They currently have a $50.00 target price on the stock, down from their previous target price of $56.00. Bank of America Corp.’s price target points to a potential upside of 5.75% from the stock’s previous close.

The analysts wrote, “While AOL had turned around the advertising business with revenue and profit growth and had a record 4Q, we think our thesis had played out and based on its 2014 outlook, we no longer see upside to our estimates.” Bank of America lowered 2014 revenue estimate from $2.55 billion to $2.48 million and EPS from $2.41 to $2.02. The analyst noted that these revised estimates are based on higher opex as AOL will “likely continue to invest.”

AOL has been the subject of a number of other recent research reports. Analysts at Needham & Company raised their price target on shares of AOL from $46.00 to $57.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at CRT Capital upgraded shares of AOL from a “fair value” rating to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a $57.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of AOL in a research note to investors on Wednesday, January 15th. They set a “neutral” rating and a $46.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.48.

Shares of AOL (NYSE:AOL) traded up 0.28% on Friday, hitting $47.28. 3,330,542 shares of the company’s stock traded hands. AOL has a 1-year low of $32.19 and a 1-year high of $53.28. The stock’s 50-day moving average is $46.69 and its 200-day moving average is $39.92. The company has a market cap of $3.710 billion and a P/E ratio of 42.90.

AOL (NYSE:AOL) last released its earnings data on Thursday, February 6th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.03. The company had revenue of $679.00 million for the quarter, compared to the consensus estimate of $655.80 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts expect that AOL will post $2.40 EPS for the current fiscal year.

AOL Inc (NYSE:AOL) is a global Web services company with a range of brands and offerings and a global audience.

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