Deutsche Bank Downgrades comScore (SCOR) to Hold; Struggling to Stay on Platform; Waiting For Convincing Sign
Get Alerts SCOR Hot Sheet
Price: $6.20 +2.14%
Rating Summary:
9 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank downgraded comScore (NASDAQ: SCOR) from Buy to Hold with a price target of $13.00 (from $25.00)
Deutsche analyst said, "While we think comScore remains well positioned to provide some of the tools in an increasingly fragmented media ecosystem, the disappointing Q2 result and guidance suggests a struggle to scale profitably, near-term headwinds, and less stability and predictability. We downgrade to Hold as we await more convincing signs of execution...We now have 2012E revenue growing just +7% (+20% previously) and EBITDA margins contracting 310bp (+140bp previously)."
For an analyst ratings summary and ratings history on comScore click here. For more ratings news on comScore click here.
Shares of comScore closed at $15.45 yesterday.
Deutsche analyst said, "While we think comScore remains well positioned to provide some of the tools in an increasingly fragmented media ecosystem, the disappointing Q2 result and guidance suggests a struggle to scale profitably, near-term headwinds, and less stability and predictability. We downgrade to Hold as we await more convincing signs of execution...We now have 2012E revenue growing just +7% (+20% previously) and EBITDA margins contracting 310bp (+140bp previously)."
For an analyst ratings summary and ratings history on comScore click here. For more ratings news on comScore click here.
Shares of comScore closed at $15.45 yesterday.
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