UPDATE: Canaccord Genuity Starts KIT Digital (KITD) at Hold; OTT Video Trends Remain Strong, But Concerns Remain
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Price: $0.30 --0%
Rating Summary:
0 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 18 | New: 6
Rating Summary:
0 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 18 | New: 6
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(Updated - May 23, 2012 8:38 AM EDT)
Canaccord Genuity initiates coverage on KIT Digital (NASDAQ: KITD) with a Hold.
Analyst, Jeff Rath, said, "We suspended our estimates, rating and target price after KITD’s negative Q1/12 pre-announcement due to lack of clarity and a need to better understand the priorities of the company’s realignment efforts. Though we continue to see a strong macro supported by accelerating global OTT video trends, we still lack the necessary comfort level on visibility and the financial outlook to be constructive on the name."
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 $3.61 yesterday.
Canaccord Genuity initiates coverage on KIT Digital (NASDAQ: KITD) with a Hold.
Analyst, Jeff Rath, said, "We suspended our estimates, rating and target price after KITD’s negative Q1/12 pre-announcement due to lack of clarity and a need to better understand the priorities of the company’s realignment efforts. Though we continue to see a strong macro supported by accelerating global OTT video trends, we still lack the necessary comfort level on visibility and the financial outlook to be constructive on the name."
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 $3.61 yesterday.
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