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Research analysts at Nomura lowered their target price on shares of AOL (NYSE:AOL) from $46.00 to $43.00 in a report released on Wednesday, Analyst Ratings.Net reports. Nomura’s price target suggests a potential upside of 16.82% from the company’s current price.

Shares of AOL (NYSE:AOL) traded down 0.19% on Wednesday, hitting $36.74. The stock had a trading volume of 522,051 shares. AOL has a 52 week low of $32.19 and a 52 week high of $53.28. The stock has a 50-day moving average of $42.09 and a 200-day moving average of $43.9. The company has a market cap of $2.937 billion and a price-to-earnings ratio of 40.10.

AOL (NYSE:AOL) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.34. The company had revenue of $583.30 million for the quarter, compared to the consensus estimate of $577.70 million. During the same quarter last year, the company posted $0.32 earnings per share. AOL’s revenue was up 8.3% compared to the same quarter last year. On average, analysts predict that AOL will post $2.11 earnings per share for the current fiscal year.

AOL has been the subject of a number of other recent research reports. Analysts at Macquarie cut their price target on shares of AOL from $47.00 to $40.00 in a research note on Friday, May 9th. Separately, analysts at Cowen and Company cut their price target on shares of AOL from $52.00 to $49.00 in a research note on Friday, May 9th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of AOL in a research note on Thursday, May 8th. They now have a $42.00 price target on the stock, down previously from $45.00. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. AOL currently has an average rating of “Buy” and an average price target of $48.82.

In other AOL news, CEO Timothy Armstrong purchased 55,600 shares of the stock in a transaction dated Thursday, May 8th. The stock was purchased at an average cost of $36.08 per share, for a total transaction of $2,006,048.00. Following the acquisition, the chief executive officer now directly owns 932,111 shares in the company, valued at approximately $33,630,565. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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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