UBS reiterates a 'Buy' on AOL, Inc. (AOL); Turnaround Driving Revenue Growth Towards Inflection Point

UBS reiterates a 'Buy' on AOL, Inc. (NYSE: AOL) price target raised from $20 to $22.

UBS analyst says, "We reiterate our rating on AOL as it posted a solid beat driven by broad revenue momentum across the advertising business, nice cost control, and meaningful moderation in subscription declines. It was the lowest overall rate of revenue decline (-3% Y/Y) in 5 years as AOL reported 4Q rev of $577MM vs. cons $572MM and OIBDA of $125MM vs. cons $101MM. Ad revenue, an important proxy for the health of the turnaround, accelerated for the 4th straight quarter to $363MM (+10% Y/Y) vs. our $359MM."

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 $17.76 yesterday.

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