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New York, NY -- (SBWIRE) -- 11/12/2012 -- Shares of Citigroup (NYSE:C) in a research report released on Monday morning. Bank of America currently has a $45.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an outperform rating on shares of Citigroup in a research note to investors on Wednesday, October 17th. They now have a $44.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Citigroup from $36.00 to $39.00 in a research note to investors on Wednesday, October 17th. They now have a neutral rating on the stock. Finally, analysts at Credit Agricole upgraded shares of Citigroup from an underperform rating to an outperform rating in a research note to investors on Wednesday, October 17th. They now have a $43.00 price target on the stock.
Shares of Citigroup opened at 35.93 on Monday. Citigroup has a one year low of $23.30 and a one year high of $38.40. The company has a market cap of $105.4 billion and a P/E ratio of 15.18.
Citigroup last announced its earnings results on Monday, October 15th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.07. Citigroup’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that Citigroup will post $4.19 earnings per share for the current fiscal year.
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PowerShares QQQ Trust Series 1 (ETF) (QQQ) -0.02% rose marginally in trading yesterday. QQQ ended the day 0.43% higher at $63.43 on volume of 51.54 million, which is well above the daily average volume of 40.31 million. The ETF fell more than 3% in the last three trading sessions.
QQQ tracks the performance of the NASDAQ 100 Index. The index dropped more than 2% earlier in the week amid worries over the fiscal cliff. The daily price chart of QQQ is giving bearish signals. The ETF is below its 50-day and 200-day moving averages, which is a bearish signal. The MACD histogram is also indicating increasing downward momentum.
Find out where QQQ could be heading by reading the free trend analysis report here
Facebook Inc (NASDAQ:FB) applications and other social media can influence behavior by losing self control. The outcome is that FB, along with the other social networks, can affect customers in various ways. These effects are influencing consumer’s judgment as well as their decision-making.
Associate professor at the University of Pittsburgh, Andrew Stephen, reported that those who use Facebook more tend to increase binge eating, carry more credit card debt and have lower credit scores. When users simply browse Facebook for fun they feel much more comfortable which results in enhancing their self-esteem.
An associate professor at Columbia University reports that the unintentional effects of using these social media networks are related to the ego boost of the people and their effects are even more if a lot of their friends are also connected to the users.
Facebook Inc (NASDAQ:FB) total value after the recent close was $41.62 million and the enterprise value according to Yahoo data was $32.07 billion. The previous 12 month price to sales ratio was 9.34. The company showed 6.24% as a profit margin in the last twelve months and an operating margin at 12.13%.
Do you think now is a good time to buy or sell FB? See FB earnings forecast report Here
Research In Motion Limited (USA) (NASDAQ:RIMM): Shares of Research In Motion Limited (USA) (NASDAQ:RIMM) advanced US$0.34 (or 4.15%) to settle at US$8.54. There were 20.71 million shares of Research In Motion exchanging hands as compared to its average daily volume of 27.03 million shares. Investors may want to find out how Research In Motion insiders like CEOs, CFOs and Directors are thinking about the future of the company.
Check this insider trade report for RIMM here
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