AVG Technologies NV Receives Consensus Recommendation of “Buy” from Analysts (NYSE:AVG)
Shares of AVG Technologies NV (NYSE:AVG) have earned an average recommendation of “Buy” from the nine brokerages that are currently covering the stock, AnalystRatings.NET reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.62.
AVG has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of AVG Technologies NV in a research note on Wednesday. They set a “neutral” rating on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of AVG Technologies NV in a research note on Wednesday, June 4th. They set an “in-line” rating and a $21.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of AVG Technologies NV from a “hold” rating to a “buy” rating in a research note on Friday, May 30th.
Shares of AVG Technologies NV (NYSE:AVG) traded down 0.05% during mid-day trading on Wednesday, hitting $19.64. The stock had a trading volume of 20,501 shares. AVG Technologies NV has a 1-year low of $15.19 and a 1-year high of $26.56. The stock’s 50-day moving average is $20.02 and its 200-day moving average is $19.05. The company has a market cap of $1.035 billion and a P/E ratio of 18.75.
AVG Technologies NV (NYSE:AVG) last released its earnings data on Wednesday, May 7th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. On average, analysts predict that AVG Technologies NV will post $2.03 earnings per share for the current fiscal year.
AVG Technologies N.V. (NYSE:AVG), provides software and online services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.