Credit Agricole Starts Stock Coverage on Facebook (FB)

By admin | 6 years ago

Analysts at Credit Agricole initiated coverage on shares of Facebook (NASDAQ: FB) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at CLSA initiated coverage on shares of Facebook in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Capstone Investments initiated coverage on shares of Facebook in a research note to investors on Friday, May 25th. They set a “hold” rating and a $32.00 price target on the stock. Finally, analysts at Capstone initiated coverage on shares of Facebook in a research note to investors on Thursday, May 24th. They set a “hold” rating and a $32.00 price target on the stock.

Facebook traded down 1.04% on Tuesday, hitting $28.5403. Facebook has a 1-year low of $28.65 and a 1-year high of $45.00. The company has a market cap of $61.022 billion and a price-to-earnings ratio of 73.76.

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

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