Mitsubishi UFJ Downgrades EarthLink Holdings Corp. to Underweight

Brokerage firm Mitsubishi UFJ Downgrades its rating on EarthLink Holdings Corp.(NASDAQ:ELNK). The shares have been rated Underweight. Previously, the analysts had a Neutral rating on the shares. The rating by Mitsubishi UFJ was issued on Jun 10, 2016.

EarthLink Holdings Corp. (ELNK) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.45% at a volume of 5,52,773. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.69. The peak price level was also seen at $6.69 while the days lowest was $6.5. Finally the shares closed at $6.61. The 52-week high of the shares is $9.86 while the 52-week low is $4.97. According to the latest information available, the market cap of the company is $695 M.

EarthLink Holdings Corp. has also declared a cash dividend of $0.0500 on Apr 27, 2016. The shares will quote ex-dividend on Jun 17, 2016 and the record date has been fixed on Jun 21, 2016. The dividend payable date has been fixed on Jul 5, 2016.

EarthLink Holdings Corp.(ELNK) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $254.26M. Analysts had an estimated revenue of $246.72M. Earnings per share were $0.03. Analysts had estimated an EPS of $-0.07.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, R Michael Thurston (Principal Accounting Officer) sold 15,234 shares at $6.51 per share price.Also, On Mar 9, 2016, John T Dobbins (EVP, Network Operations) sold 41,540 shares at $5.92 per share price.On Nov 12, 2015, David Koretz (director) sold 15,000 shares at $9.38 per share price, according to the Form-4 filing with the securities and exchange commission.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *