Benchmark Maintains a 'Hold' on AOL, Inc. (AOL) ; A Billion Dollar Patent Sale
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Price: $49.99 --0%
Rating Summary:
1 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
1 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Benchmark maintains a 'Hold' on AOL, Inc. (NYSE: AOL) price target raised from $18 to $28.
Analyst, Clayton F. Moran, said, "Wow! AOL announced the sale of over 800 patents to Microsoft for $1.056 billion, or $10.67 per share in stock value. AOL will pay essentially no taxes...The patents revolve around Internet technologies such as advertising, search and mapping. AOL stated it intends to return a significant portion of the patent proceeds to shareholders but did not disclose the manner. The deal is expected to close before year-end. We believe a one-time cash dividend would be appropriate after the close of the deal. Proforma for the transaction, AOL has roughly $1.5 billion or $15 per share in cash."
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 $18.42 yesterday.
Analyst, Clayton F. Moran, said, "Wow! AOL announced the sale of over 800 patents to Microsoft for $1.056 billion, or $10.67 per share in stock value. AOL will pay essentially no taxes...The patents revolve around Internet technologies such as advertising, search and mapping. AOL stated it intends to return a significant portion of the patent proceeds to shareholders but did not disclose the manner. The deal is expected to close before year-end. We believe a one-time cash dividend would be appropriate after the close of the deal. Proforma for the transaction, AOL has roughly $1.5 billion or $15 per share in cash."
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 $18.42 yesterday.
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