“We remain concerned that wireline carriers are facing increasingly tough competition from cable and will need to ramp investment to improve broadband speeds or face accelerating subscriber losses as seen last quarter. C T L . N We derive our $27 price target by applying a ~8% div. yld (+325 bps v AT&T) 5.7x 2017 MSe EV/EBITDA. We believe CenturyLink should trade at a valuation discount to the Bells given more challenging revenue and margin trends.”,” the firm’s analyst commented.
Several other brokerages also recently commented on CRTO. Jefferies Group reduced their target price on shares of Criteo SA from $65.00 to $63.00 and set a buy rating for the company in a report on Thursday, August 4th. Pacific Crest reaffirmed a buy rating and set a $53.00 target price on shares of Criteo SA in a report on Monday, July 11th. William Blair reaffirmed an outperform rating on shares of Criteo SA in a report on Thursday, August 4th. TheStreet downgraded shares of Criteo SA from a buy rating to a hold rating in a report on Friday, June 3rd. Finally, Citigroup Inc. reduced their target price on shares of Criteo SA from $56.00 to $51.00 and set a buy rating for the company in a report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Criteo SA presently has a consensus rating of Buy and a consensus price target of $48.32.
Shares of Criteo SA (NASDAQ:CRTO) opened at 36.44 on Friday. Criteo SA has a 52 week low of $24.23 and a 52 week high of $47.81. The company has a market capitalization of $2.24 billion, a PE ratio of 32.86 and a beta of 2.89. The firm’s 50-day moving average is $37.63 and its 200 day moving average is $41.25.
Criteo SA (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The firm earned $166 million during the quarter, compared to the consensus estimate of $161.27 million. During the same period last year, the business earned $0.15 EPS. The business’s revenue was up 35.4% on a year-over-year basis. On average, analysts anticipate that Criteo SA will post $1.79 earnings per share for the current fiscal year.
In related news, CFO Benoit Fouilland sold 876 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $42.02, for a total transaction of $36,809.52. Following the completion of the transaction, the chief financial officer now directly owns 107,027 shares in the company, valued at approximately $4,497,274.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jean-Baptiste Rudelle sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $37.96, for a total transaction of $2,277,600.00. Following the transaction, the insider now owns 2,914,358 shares of the company’s stock, valued at $110,629,029.68. The disclosure for this sale can be found here.
Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Criteo SA by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,611 shares of the company’s stock worth $257,000 after buying an additional 38 shares in the last quarter. Private Advisor Group LLC boosted its position in Criteo SA by 1.4% in the second quarter. Private Advisor Group LLC now owns 13,256 shares of the company’s stock worth $574,000 after buying an additional 181 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in Criteo SA by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,475 shares of the company’s stock worth $205,000 after buying an additional 375 shares in the last quarter. Regent Investment Management LLC boosted its position in Criteo SA by 7.1% in the first quarter. Regent Investment Management LLC now owns 7,500 shares of the company’s stock worth $311,000 after buying an additional 500 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in Criteo SA by 14.3% in the second quarter. First Mercantile Trust Co. now owns 10,400 shares of the company’s stock worth $478,000 after buying an additional 1,300 shares in the last quarter.
Criteo SA Company Profile
Criteo SA is a global technology company specializing in digital performance marketing. The Company’s solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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