Yahoo! (YHOO) : Analyst Rating Update

Yahoo! (YHOO) : 15 brokerage houses believe that Yahoo! (YHOO) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Yahoo! (YHOO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 26 Wall Street Analysts endorse the stock as a Buy with a rating of 1.73.

Yahoo! (YHOO) : The highest level Yahoo! (YHOO) is projected to reach is $52 for the short term and the lowest estimate is at $32. The consolidated price target from 24 rating analysts who initiate coverage on the stock is $43.17 and the possibility the share price can swing is $5.21.

Yahoo! (NASDAQ:YHOO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.43 and $37.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.51, notching a gain of 0.03% for the day. The total traded volume was 8,328,101 . The stock had closed at $37.50 on the previous day.

Also, Brokerage firm Citigroup maintains its rating on Yahoo! (NASDAQ:YHOO). As per the latest information, the brokerage house raises the price target to $43 per share from a prior target of $38. The shares have been rated Buy. The rating by the firm was issued on June 16, 2016. The company shares have rallied 0.73% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $39.98 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $37.01 and the 200 Day Moving Average price is recorded at $34.21.

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 Companys 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. Yahoo.com 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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