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Shares of Facebook (NASDAQ:FB) have been given a consensus recommendation of “Buy” by the forty-nine analysts that are currently covering the stock, Stock Ratings Network reports. Eight research analysts have rated the stock with a hold recommendation and thirty-three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $74.71.

Facebook (NASDAQ:FB) opened at 64.97 on Thursday. Facebook has a 1-year low of $25.45 and a 1-year high of $72.59. The stock has a 50-day moving average of $64.47 and a 200-day moving average of $62.29. The company has a market cap of $166.7 billion and a P/E ratio of 84.27.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.10. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 71.6% on a year-over-year basis. Analysts expect that Facebook will post $1.43 EPS for the current fiscal year.

In other Facebook news, CTO Michael Todd Schroepfer sold 20,000 shares of the stock on the open market in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $65.06, for a total value of $1,301,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on FB. Analysts at Tigress Financial downgraded shares of Facebook from a “buy” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at Pivotal Research raised their price target on shares of Facebook from $74.00 to $81.00 in a research note on Wednesday. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of Facebook in a research note on Thursday, July 3rd.

Facebook, Inc (NASDAQ:FB) is engaged in building products to create utility for users, developers, and advertisers.

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