Canaccord Genuity Maintains a 'Buy' on KIT Digital (KITD); Company-Specific Issues Continue; Macro OTT Trends Remain Strong

March 16, 2012 8:30 AM EDT
Get Alerts KITD Hot Sheet
Price: $0.30 --0%

Rating Summary:
    2 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Canaccord Genuity maintains a 'Buy' on KIT Digital (NASDAQ: KITD) price target of $20.00.

Analyst, Jeff Rath, said, "We maintain our rating and target after KITD’s Q4/11 results. Our thesis remains that KITD is well-positioned to benefit from accelerating global OTT video trends, and clean financial results remain a near-term catalyst for shares to outperform."

For an analyst ratings summary and ratings history on KIT Digital click here. For more ratings news on KIT Digital click here.

Shares of KIT Digital closed at $8.51 yesterday.

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