Susquehanna Starts j2 Global Communications (JCOM) at Positive

Susquehanna initiates coverage on j2 Global Communications (NASDAQ: JCOM) with a Positive rating and a price target of $85.00.

Analyst Shyam Patil commented, "We initiate coverage with a Positive rating and an $85 price target. In our opinion, there are two key drivers for the stock – strong performance in the core media and cloud segments, and accretive M&A. We believe the company has been and is likely to continue to outperform on both, driving upward estimate revisions for the foreseeable future."

For an analyst ratings summary and ratings history on j2 Global Communications click here. For more ratings news on j2 Global Communications click here.

Shares of j2 Global Communications closed at $74.11 yesterday.

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