Susquehanna Starts Stock Coverage on Facebook (FB)

By admin | 5 years ago
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Research analysts at Susquehanna assumed coverage on shares of Facebook (NASDAQ: FB) in a report released on Monday. The firm set a “positive” rating on the stock.

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Facebook traded down 4.47% on Monday, hitting $32.51. Facebook has a 52-week low of $33.00 and a 52-week high of $45.00. The company has a market cap of $88.975 billion and a price-to-earnings ratio of 78.59.

A number of other firms have also recently commented on FB. Analysts at BTIG Research initiated coverage on shares of Facebook in a research note to investors on Monday. They set a “neutral” rating on the stock. Separately, analysts at Hudson Square Research initiated coverage on shares of Facebook in a research note to investors on Monday. They set a “hold” rating on the stock. Finally, analysts at Telsey Advisory Group set a $49.00 price target on shares of Facebook in a research note to investors on Thursday, May 17th.

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Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers.

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