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AllianceBernstein Holding (NYSE:AB) was upgraded by Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued on Friday.

Shares of AllianceBernstein Holding (NYSE:AB) traded down 0.51% during mid-day trading on Friday, hitting $23.60. The stock had a trading volume of 274,194 shares. AllianceBernstein Holding has a one year low of $18.77 and a one year high of $26.69. The stock’s 50-day moving average is $24.77 and its 200-day moving average is $23.34. The company has a market cap of $2.271 billion and a price-to-earnings ratio of 13.89.

AllianceBernstein Holding (NYSE:AB) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.02. The company had revenue of $715.00 million for the quarter, compared to the consensus estimate of $723.35 million. During the same quarter last year, the company posted $0.38 earnings per share. AllianceBernstein Holding’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that AllianceBernstein Holding will post $1.73 earnings per share for the current fiscal year.

AllianceBernstein Holding L.P provides research, diversified investment management and related services globally to a range of clients through three buy-side distribution channels, Institutions, Retail and Private Client, and its sell-side business, Bernstein Research Services.

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