Zacks downgraded shares of Valassis Communications (NYSE:VCI) from a neutral rating to an underperform rating in a research note released on Tuesday morning, Analyst Ratings.Net reports. They currently have $25.70 target price on the stock.
Zacks has also taken action a number of other consumer discretionary stocks recently. The firm downgraded shares of MDC Partners Inc from an outperform rating to a neutral rating. Their analysts now have a $34.40 price target on that stock. Also, Zacks downgraded shares of Cumulus Media Inc. from an outperform rating to a neutral rating. Their analysts now have a $6.30 price target on that stock. Finally, Zacks reiterated its sell rating on shares of DISH Network Corp.. They have a $42.00 price target on that stock.
Valassis Communications (NYSE:VCI) remained flat at $27.36 during trading on Tuesday. The stock had a trading volume of 278,907 shares. Valassis Communications has a one year low of $23.69 and a one year high of $31.34. The stock’s 50-day moving average is $29.03 and its 200-day moving average is $27.38. The company has a market cap of $1.058 billion and a P/E ratio of 9.91.
Valassis Communications (NYSE:VCI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.85 by $0.13. The company had revenue of $489.40 million for the quarter, compared to the consensus estimate of $494.90 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts predict that Valassis Communications will post $2.84 earnings per share for the current fiscal year.
Valassis Communications, Inc (NYSE:VCI) is a media delivery, providing over 15,000 advertisers and media solutions to influence consumers wherever they plan, shop, buy and share.
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