Facebook Rating Reiterated by Telsey Advisory Group (FB)
Facebook (NASDAQ:FB)‘s stock had its “” rating reiterated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday. They currently have a $81.00 price objective on the stock. Telsey Advisory Group’s price target indicates a potential upside of 16.71% from the company’s current price.
Shares of Facebook (NASDAQ:FB) remained flat at $69.40 during during mid-day trading trading on Tuesday. The stock had a trading volume of 22,436,472 shares. Facebook has a 52-week low of $25.97 and a 52-week high of $72.59. The stock’s 50-day moving average is $65.53 and its 200-day moving average is $62.9. The company has a market cap of $178.1 billion and a price-to-earnings ratio of 90.01.
In other Facebook news, VP Colin Stretch sold 5,266 shares of Facebook stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $67.65, for a total value of $356,244.90. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Facebook in a research note on Monday. Separately, analysts at Nomura reiterated a “buy” rating on shares of Facebook in a research note on Tuesday, July 15th. Finally, analysts at Tigress Financial downgraded shares of Facebook from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 9th. Eight analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $74.70.
Facebook, Inc (NASDAQ:FB) is engaged in building products to create utility for users, developers, and advertisers.
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