TiVo (TIVO) : Analyst Rating Update

TiVo (TIVO) : The consensus on TiVo (TIVO) based on 9 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

TiVo (TIVO) : The highest level TiVo (TIVO) is projected to reach is $18 for the short term and the lowest estimate is at $8. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $11.92 and the possibility the share price can swing is $2.94.

TiVo (NASDAQ:TIVO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.97 and $9.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.08, notching a gain of 1.00% for the day. The total traded volume was 1,189,241 . The stock had closed at $9.98 on the previous day.

Also, MKM Partners downgrades its rating on TiVo (NASDAQ:TIVO). Analysts at the MKM Partners have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 1, 2016. The company shares have dropped -0.99% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $10.60 and the one year low was seen on Mar 9, 2016. The 50-Day Moving Average price is $9.93 and the 200 Day Moving Average price is recorded at $8.88.

TiVo Inc. (TiVo) is a provider of television software services and cloud-based software-as-a-service solutions that enable viewers to consume content from a range of sources, across a variety of screens in and out of the home. The Company offers a whole-home solution that includes 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets. The Company generates revenues from four sources: Consumer Service, Television Service Providers (also referred to as MSOs or Pay TV Operators), Advertising and Research Services, and Licensing. TiVos technology for enabling the TiVo service includes the TiVo service client software platform, mobile apps, the TiVo service infrastructure and TiVo-enabled hardware designs. The Company distributes its software, technology and services through a range of consumer electronic applications and devices.

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