BidaskClub upgraded shares of Altaba (NASDAQ:AABA) from a strong sell rating to a sell rating in a research note released on Friday.
AABA has been the subject of a number of other reports. Gabelli cut shares of Altaba from a buy rating to a hold rating in a research report on Wednesday, July 11th. Credit Suisse Group upped their price objective on shares of Altaba from $80.00 to $82.00 and gave the company a neutral rating in a research report on Tuesday, July 10th. ValuEngine cut shares of Altaba from a buy rating to a hold rating in a research report on Wednesday, August 15th. MKM Partners decreased their price objective on shares of Altaba to $115.00 and set a buy rating for the company in a research report on Thursday, August 16th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a $88.00 price objective (down from $91.00) on shares of Altaba in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $94.75.
NASDAQ:AABA traded down $1.13 on Friday, reaching $61.73. The stock had a trading volume of 6,845,371 shares, compared to its average volume of 8,185,753. Altaba has a 12-month low of $55.76 and a 12-month high of $82.45.
Altaba Company Profile
Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.
Further Reading: Fundamental Analysis and Individual Investors
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