AVG Technologies NV Receives Average Recommendation of “Buy” from Analysts (NYSE:AVG)
AVG Technologies NV (NYSE:AVG) has received an average rating of “Buy” from the eight brokerages that are currently covering the stock, American Banking News reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $21.70.
A number of analysts have recently weighed in on AVG shares. Analysts at JMP Securities cut their price target on shares of AVG Technologies NV from $28.00 to $26.00 in a research note on Thursday, July 31st. Separately, analysts at Nomura reiterated a “buy” rating on shares of AVG Technologies NV in a research note on Thursday, July 31st. They now have a $24.00 price target on the stock, down previously from $25.00. Finally, analysts at Imperial Capital cut their price target on shares of AVG Technologies NV from $21.00 to $20.00 in a research note on Thursday, July 31st. They now have an “in-line” rating on the stock.
Shares of AVG Technologies NV (NYSE:AVG) opened at 17.54 on Tuesday. AVG Technologies NV has a 1-year low of $15.19 and a 1-year high of $26.56. The stock has a 50-day moving average of $18.46 and a 200-day moving average of $19.35. The company has a market cap of $919.4 million and a price-to-earnings ratio of 19.21.
AVG Technologies NV (NYSE:AVG) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.47. The company had revenue of $88.00 million for the quarter, compared to the consensus estimate of $91.44 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. Analysts expect that AVG Technologies NV will post $1.94 EPS for the current fiscal year.
AVG Technologies N.V. (NYSE:AVG), provides software and online services.
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