Canaccord Genuity Maintains a 'Hold' on AOL, Inc. (AOL); Analyst Day Focus on Growth
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Rating Summary:
1 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 8 | New: 6
Rating Summary:
1 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 8 | New: 6
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Canaccord Genuity maintains a 'Hold' on AOL, Inc. (NYSE: AOL), PT $20.
Canaccord analyst, Heath Terry, said, "At AOL’s analyst day management focused their strategy discussions on driving growth in display, local, and advertising.com revenues while moderating declines in access and search revenues. The company also highlighted cost reductions and balance sheet improvements that have set the stage for more aggressive growth and monetization moves. We continue to believe that while AOL will benefit from rationalizing expenses and streamlining the operating structure amid a strong online advertising marketing, particularly in display, the long-term key will be growing users and engagement – something that remains elusive. Therefore, at 5x ’12W EV/EBITDA versus the group at 7.5x, we’re maintaining our neutral rating."
For more ratings news on AOL, Inc. click here and for the rating history of AOL, Inc. click here.
Shares of AOL, Inc. closed at $20.59 yesterday.
Canaccord analyst, Heath Terry, said, "At AOL’s analyst day management focused their strategy discussions on driving growth in display, local, and advertising.com revenues while moderating declines in access and search revenues. The company also highlighted cost reductions and balance sheet improvements that have set the stage for more aggressive growth and monetization moves. We continue to believe that while AOL will benefit from rationalizing expenses and streamlining the operating structure amid a strong online advertising marketing, particularly in display, the long-term key will be growing users and engagement – something that remains elusive. Therefore, at 5x ’12W EV/EBITDA versus the group at 7.5x, we’re maintaining our neutral rating."
For more ratings news on AOL, Inc. click here and for the rating history of AOL, Inc. click here.
Shares of AOL, Inc. closed at $20.59 yesterday.
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