The stock of Yellow Media Ltd. (TSE:Y) hit a new 52-week high and has $29.00 target or 31.00% above today’s $22.14 share price. The 6 months bullish chart indicates low risk for the $619.62M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $29.00 price target is reached, the company will be worth $192.08 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 18,857 shares traded hands. Yellow Media Ltd. (TSE:Y) has risen 7.92% since March 30, 2016 and is uptrending. It has outperformed by 6.71% the S&P500.
Yellow Media Ltd. (TSE:Y) Ratings Coverage
Out of 3 analysts covering Yellow Media (TSE:Y), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $30 is the highest target while $22 is the lowest. The $25.33 average target is 14.41% above today’s ($22.14) stock price. Yellow Media has been the topic of 4 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, October 7. On Friday, August 21 the stock rating was initiated by TD Securities with “Hold”.
More notable recent Yellow Media Ltd. (TSE:Y) news were published by: Marketwired.com which released: “Yellow Media Limited Completes the Acquisitions of Bookenda and Candia Digital …” on December 18, 2014, also Business.Financialpost.com with their article: “Once staggering under $2B in debt, Yellow Media looks to ride brand …” published on May 15, 2014, Bloomberg.com published: “Yellow Media Shows Global Peers Digital Future: Corporate Canada” on January 28, 2014. More interesting news about Yellow Media Ltd. (TSE:Y) were released by: Theglobeandmail.com and their article: “Yellow Media recapitalization plan in place, debt cut by $1.5-billion” published on December 20, 2012 as well as Theglobeandmail.com‘s news article titled: “Yellow Media’s digital transition seen as ‘substantially ahead’ of rivals” with publication date: November 19, 2014.
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