Barclays Adjusts PT and Estimates on AOL, Inc. (AOL); Patent Sale Proceeds Going To The Little Guy
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Price: $37.27 -0.75%
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade AOL Now!
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, with a 52 week range of $11.07-$34.51.
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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, with a 52 week range of $11.07-$34.51.
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