Citigroup Rating Reiterated by Sanford C. Bernstein (C)

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Citigroup (NYSE:C)‘s stock had its “positive” rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Thursday.

Shares of Citigroup (NYSE:C) traded down 1.20% on Thursday, hitting $53.37. The stock had a trading volume of 11,141,108 shares. Citigroup has a 52-week low of $46.08 and a 52-week high of $56.95. The stock’s 50-day moving average is $52. and its 200-day moving average is $52.. The company has a market cap of $161.92 billion and a price-to-earnings ratio of 24.27. Citigroup also was the recipient of some unusual options trading on Wednesday. Investors bought 78,404 call options on the stock. This represents an increase of approximately 225% compared to the typical daily volume of 24,127 call options.

Citigroup (NYSE:C) last announced its earnings results on Thursday, April 16th. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.39 by $0.13. The company had revenue of $19.70 billion for the quarter, compared to the consensus estimate of $19.83 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that Citigroup will post $5.37 earnings per share for the current fiscal year.

A number of other firms have also recently commented on C. Analysts at JPMorgan Chase & Co. raised their price target on shares of Citigroup from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Analysts at Zacks upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Friday, March 27th. Analysts at Deutsche Bank raised their price target on shares of Citigroup from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Finally, analysts at Oppenheimer raised their price target on shares of Citigroup from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $60.10.

Citigroup Inc, is a financial services holding company. The Company is engaged providing financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management to consumers, corporations, governments and institutions.

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