Virgin Media Rating Lowered to Market Perform at Sanford C. Bernstein (VMED)
Virgin Media (NASDAQ: VMED) was downgraded by equities research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday.
A number of other analysts have also recently weighed in on VMED. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Virgin Media in a research note to investors on Thursday, April 26th. Separately, analysts at Bank of America (NYSE: BAC) cut their price target on shares of Virgin Media from $25.00 to $24.00 in a research note to investors on Wednesday, April 11st. They now have an “underperform” rating on the stock. Finally, analysts at Citigroup (NYSE: C) downgraded shares of Virgin Media from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, April 11st.
Virgin Media traded down 2.85% on Wednesday, hitting $23.18. Virgin Media has a 52-week low of $20.52 and a 52-week high of $33.32. The company has a market cap of $6.437 billion and a price-to-earnings ratio of 56.27.
The company last announced its quarterly results on Wednesday, April 25th. It reported $0.02 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.16 EPS by $0.14. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that Virgin Media will post $29.78 EPS next quarter.
Virgin Media Inc. (Virgin Media) is engaged in entertainment and communications business. The Company has two segments: Consumer and Business.