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Barclays Maintains an 'Equalweight' on AOL, Inc. (AOL); Q1 Preview

May 7, 2012 2:38 PM EDT
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Barclays maintains an 'Equalweight' on AOL, Inc. (NYSE: AOL) price target of $27.00.

Analyst, Anthony DiClemente, said, "We believe AOL will report numbers that are in-line to slightly ahead of our and Street expectations driven by a sequential deceleration in the decline of domestic unique visitors (-3.4% Y/Y in 1Q12, vs. -4.5% Y/Y in 4Q11), the third straight quarter of decelerating declines in domestic page views, (-7.1% in 1Q12, vs. -10.9% in 4Q11), a solid read-across for display pricing from Yahoo! (Nasdaq: YHOO) and TripAdvisor's (Nasdaq: TRIP) 1Q12 reports, and the third straight quarter of decelerating declines in domestic explicit core search (-0.8% Y/Y in 1Q12, vs. -13.6% Y/Y in 4Q11)."

Barclays sees Q1 revenues of $449 mln and (GAAP) $0.02 vs. consensus of $526.48 mln and $0.07.

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 $24.25 yesterday.


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