Barclays Adjusts PT and Estimates on AOL, Inc. (AOL); Patent Sale Proceeds Going To The Little Guy

August 28, 2012 1:40 PM EDT
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Barclays maintains an 'Equalweight' on AOL, Inc. (NYSE: AOL) price target of $35.00 (from $33.00).

Analyst, Anthony DiClemente, views the recent announcement regarding AOL's deployment of the cash its getting from the sale of its patents very positively. Namely, AOL said if would issue a special dividend of $5.15/share and accelerate a $600 Million stock buyback agreement.

DiClemente also made note that AOL's decline in subscription revenue has continued to slow and churn was the lowest in a decade. FY12 EPS estimate lowered from $1.62 to $1.50 and FY13 from $2.52 to $2.03.

For an analyst ratings summary and ratings history on AOL, Inc. click here. For more ratings news on AOL, Inc. click here.

Shares of AOL, Inc. closed at $33.86 yesterday.

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Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

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