AOL (NYSE: AOL) was upgraded by analysts at Barclays Capital from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $44.00 price target on the stock, up from their previous price target of $38.00. The analysts noted that the move was a valuation call.
AOL (NYSE: AOL) traded up 8.38% on Wednesday, hitting $39.20. AOL has a 52-week low of $18.12 and a 52-week high of $43.93. The stock’s 50-day moving average is currently $36.30. The company has a market cap of $3.023 billion and a price-to-earnings ratio of 3.23.
AOL (NYSE: AOL) last posted its quarterly earnings results on Friday, February 8th. The company reported $0.41 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.41. The company had revenue of $599.50 million for the quarter, compared to the consensus estimate of $572.05 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts expect that AOL will post $1.55 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JMP Securities initiated coverage on shares of AOL in a research note to investors on Tuesday, March 19th. They set an “outperform” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of AOL from $34.00 to $36.00 in a research note to investors on Thursday, February 21st. Finally, analysts at JG Capital initiated coverage on shares of AOL in a research note to investors on Wednesday, February 20th. They set a “neutral” rating and a $40.00 price target on the stock.
One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.07.
AOL, Inc. provides global web services. The Company operates web destinations, offers free software services, runs an Internet access business and provides online advertising solutions and services.