Moody's Corporation (MCO) is Resumed by Credit Suisse to Neutral

Moody's Corporation (MCO) was Resumed by Credit Suisse to “Neutral”. Credit Suisse advised their investors in a research report released on Nov 21, 2016.

On the company’s financial health, Moody's Corporation reported $1.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $1.20. The company had revenue of $917.10 million for the quarter, compared to analysts expectations of $895.14 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.

Moody's Corporation closed down -0.64 points or -0.63% at $100.56 with 10,29,271 shares getting traded on Monday. Post opening the session at $100.97, the shares hit an intraday low of $99.75 and an intraday high of $101.465 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 16, 2016, Robert Fauber (President-MIS) sold 625 shares at $99.73 per share price. According to the SEC, on Nov 1, 2016, Lisa Westlake (SVP & Chief HR Officer) sold 730 shares at $101.35 per share price. On Oct 4, 2016, Raymond W Mcdaniel (President and CEO) sold 7,000 shares at $108.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit capital markets and economic related research data and analytical tools; software solutions and related risk management services; quantitative credit risk measures financial services training and certification services and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The Company’s MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world including various corporate and Governmental obligations structured finance securities and commercial paper programs. The Company’s MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.

Moody's Corporation

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