Could Yellow Media Ltd. See a Reversal After This Very Strong Session?

 Could Yellow Media Ltd. See a Reversal After This Very Strong Session?

The stock of Yellow Media Ltd. (TSE:Y) is a huge mover today! About 14,557 shares traded hands. Yellow Media Ltd. (TSE:Y) has declined 14.00% since April 13, 2016 and is downtrending. It has underperformed by 18.62% the S&P500.
The move comes after 6 months positive chart setup for the $510.69M company. It was reported on Nov, 17 by Barchart.com. We have $24.19 PT which if reached, will make TSE:Y worth $148.10 million more.

Yellow Media Ltd. (TSE:Y) Ratings Coverage

Out of 3 analysts covering Yellow Media (TSE:Y), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $30 is the highest target while $21 is the lowest. The $24.67 average target is 31.57% above today’s ($18.75) stock price. Yellow Media has been the topic of 6 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, October 7 by RBC Capital Markets. TD Securities initiated the shares of Y in a report on Friday, August 21 with “Hold” rating. The rating was downgraded by RBC Capital Markets on Friday, November 11 to “Sector Perform”.

More news for Yellow Media Ltd. (TSE:Y) were recently published by: Business.Financialpost.com, which released: “Once staggering under $2B in debt, Yellow Media looks to ride brand …” on May 15, 2014. Marketwired.com‘s article titled: “Yellow Media Limited Completes the Acquisitions of Bookenda and Candia Digital …” and published on December 18, 2014 is yet another important article.

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