In a new note to investors yesterday, an analyst has provided a rating update for the Services sector company, Yellow Pages (TSX: Y). The company received a Hold rating from RBC Capital’s analyst Drew Mcreynolds, with a C$11 price target.
Mcreynolds has an average return of 3.1% when recommending Yellow Pages.
According to TipRanks.com, Mcreynolds is ranked #1113 out of 4850 analysts.
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Yellow Pages has an analyst consensus of Moderate Buy, with a price target consensus of C$12.
Based on Yellow Pages’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$919K. In comparison, last year the company had a net profit of C$820K.
Yellow Pages Ltd. engages in the provision of digital advertising and marketing solutions. It operates through Mediative division, which involves in marketing and media services. The company was founded on July 18, 2012 and is headquartered in Montreal, Canada.
The company’s shares closed on Thursday at C$10.40, close to its 52-week high of C$10.50.
