Barclays Capital Raises Price Target on AOL (AOL)
Barclays Capital (NYSE: BCS) lifted their price target on shares of AOL (NYSE: AOL) from $27.00 to $31.00 in a research note issued on Thursday. The firm currently has an “equal weight” rating on the stock.
A number of other firms have also recently commented on AOL. Analysts at Needham & Company reiterated a “buy” rating on shares of AOL in a research note to investors on Monday, April 23rd. Separately, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of AOL to $30.00 in a research note to investors on Tuesday, April 10th. They now have a “neutral” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of AOL from $22.00 to $32.00 in a research note to investors on Tuesday, April 10th.
AOL opened at 26.28 on Thursday. AOL has a 52-week low of $10.06 and a 52-week high of $27.47. The company has a market cap of $2.447 billion and a price-to-earnings ratio of 92.21.
AOL last posted its quarterly earnings results on Wednesday, May 9th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.14. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts expect that AOL will post $0.07 EPS next quarter.
AOL Inc. (AOL) is a global Web services company with a range of brands and offerings and a global audience.