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AVG Technologies NV (NYSE:AVG) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Friday.

The analysts wrote, “AVG Technologies (AVG) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”

AVG Technologies NV (NYSE:AVG) traded down 3.20% on Friday, hitting $19.36. 462,686 shares of the company’s stock traded hands. AVG Technologies NV has a 52-week low of $15.19 and a 52-week high of $26.56. The stock has a 50-day moving average of $19.34 and a 200-day moving average of $18.31. The company has a market cap of $1.020 billion and a P/E ratio of 19.08.

AVG Technologies NV (NYSE:AVG) last announced its earnings results on Wednesday, May 7th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.11. The company had revenue of $93.55 million for the quarter, compared to the consensus estimate of $91.54 million. During the same quarter last year, the company posted $0.58 earnings per share. AVG Technologies NV’s revenue was down 10.7% compared to the same quarter last year. On average, analysts predict that AVG Technologies NV will post $2.04 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of AVG Technologies NV from $19.00 to $21.00 in a research note on Thursday, May 22nd. Separately, analysts at Nomura reiterated a “buy” rating on shares of AVG Technologies NV in a research note on Wednesday, May 14th. They now have a $25.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of AVG Technologies NV in a research note on Monday, March 24th. They now have a $25.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.62.

AVG Technologies N.V. (NYSE:AVG), provides software and online services.

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