Linkedin (LNKD) Downgraded by Global Equities Research to “Equal Weight”
Posted By admin on December 8, 2011
Linkedin (NASDAQ: LNKD) was downgraded by equities research analysts at Global Equities Research to an “equal weight” rating in a research note issued to investors on Monday.
Separately, analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Linkedin in a research note to investors on Friday, September 16th. They set an “overweight” rating and a $93.00 price target on the stock. Analysts at Argus initiated coverage on shares of Linkedin in a research note to investors on Thursday, September 15th. They set a “hold” rating on the stock. Also, analysts at Evercore Partners downgraded shares of Linkedin from an “equal weight” rating to an “underweight” rating in a research note to investors on Friday, August 5th. They noted that the move was a valuation call.
LinkedIn Corporation (LinkedIn) is a professional network on the Internet with more than 90 million members in over 200 countries and territories. through the Company’s platform, members are able to create, manage and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. its members create profiles that serve as their professional profiles and are accessible by any other member, as well as anyone with an Internet connection. On July 29, 2010, LinkedIn completed the acquisition of mSpoke, inc. (mSpoke), a provider of next generation personalization solutions. On September 22, 2010, the Company completed the acquisition of ChoiceVendor, inc. (ChoiceVendor), a provider of real-world ratings and reviews of business-to-business service providers in more than 70 categories across the United States.
Shares of Linkedin traded down 3.18% during mid-day trading on Monday, hitting $75.60. Linkedin has a 52 week low of $60.14 and a 52 week high of $122.70. the stock’s 50-day moving average is $81.67 and its 200-day moving average is $85.7. the company has a market cap of $7.278 billion and a price-to-earnings ratio of 436.20.
Stay on top of analysts' coverage with our daily email newsletter that provides a concise list of analysts’ upgrades, analysts’ downgrades and analysts’ price target changes for each day. Click here to register.
<a href="http://www.localizedusa.com/2011/12/07/sprint-nextel-s-shares-downgraded-to-a-sector-perform-rating-by-rbc-capital-ry-analysts/tag:news.google.com,2005:cluster=http://www.localizedusa.com/2011/12/07/sprint-nextel-s-shares-downgraded-to-a-sector-perform-rating-by-rbc-capital-ry-analysts/Wed, 07 Dec 2011 14:01:06 GMT”>Linkedin (LNKD) Downgraded by Global Equities Research to “Equal Weight”
Comments
Leave a Reply