Mercadolibre (MELI) to Release Quarterly Earnings on Thursday
Mercadolibre (NASDAQ:MELI) will announce its earnings results on Thursday, August 7th. Investors interested in listening to the company’s conference call can do so using this link.
Shares of Mercadolibre (NASDAQ:MELI) opened at 92.34 on Wednesday. Mercadolibre has a 1-year low of $79.52 and a 1-year high of $145.99. The stock has a 50-day moving average of $91.54 and a 200-day moving average of $91.51. The company has a market cap of $4.077 billion and a price-to-earnings ratio of 31.65.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Mercadolibre from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 23rd. They now have a $87.50 price target on the stock. On the ratings front, analysts at TheStreet upgraded shares of Mercadolibre to a “buy” rating in a research note on Friday, July 18th. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Mercadolibre has a consensus rating of “Hold” and an average price target of $96.25.
MercadoLibre Inc is an Argentina-based company active in the e-commerce industy. The Company hosts the online commerce platform in Latin America, focused on enabling e-commerce and its related services, and is located at www.
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