Yahoo! (YHOO) is Upgraded by Citigroup to Buy

Yahoo! (YHOO) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Jun 16, 2016.

Many Wall Street Analysts have commented on Yahoo!. Company shares were Reiterated by Axiom Capital on Apr 20, 2016 to “Hold”, Firm has raised the Price Target to $ 37 from a previous price target of $36 .Company shares were Reiterated by RBC Capital Mkts on Apr 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .Company shares were Reiterated by Piper Jaffray on Apr 20, 2016 to “Overweight”, Firm has raised the Price Target to $ 40 from a previous price target of $31 .

On the company’s financial health, Yahoo! reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.07. The company had revenue of $859.00 million for the quarter, compared to analysts expectations of $845.90 million. The company’s revenue was down -17.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Yahoo! closed down -0.08 points or -0.21% at $37.32 with 1,02,13,170 shares getting traded on Wednesday. Post opening the session at $37.43, the shares hit an intraday low of $37.1 and an intraday high of $37.605 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 14, 2016, Lisa Utzschneider (Chief Revenue Officer) sold 339 shares at $36.97 per share price. According to the SEC, on May 5, 2016, Kenneth A Goldman (Chief Financial Officer) sold 200,000 shares at $36.10 per share price. On Apr 20, 2015, Marissa A Mayer (Chief Executive Officer) sold 100,000 shares at $46.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search communication and digital content. The Company manages its business geographically: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific. The Company’s products include Search Communications Digital content Flickr and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones tablets and PC. offers news and information including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create share and curate content. Yahoo is also a digital publisher and advertising technology provider.


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