Important Rating: Is OTR Global Very Negative For Twitter (NYSE:TWTR) After Its Downgrade?

November 23, 2016 - By Richard Conner

Important Rating: Is OTR Global Very Negative For Twitter (NYSE:TWTR) After Its Downgrade?

Twitter (NYSE:TWTR) Downgrade

OTR Global downgraded Twitter (NYSE:TWTR)‘s stock to a “Negative” rating from a “Mixed”. This rating change was issued to clients in a analysts report today.

Twitter Inc (NYSE:TWTR) Ratings Coverage

Out of 43 analysts covering Twitter (NYSE:TWTR), 9 rate it a “Buy”, 10 “Sell”, while 24 “Hold”. This means 21% are positive. $56 is the highest target while $13 is the lowest. The $20.56 average target is 13.22% above today’s ($18.16) stock price. Twitter has been the topic of 119 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Twitter Inc (NYSE:TWTR) earned “Buy” rating by Axiom Capital on Monday, October 5. SunTrust maintained it with “Buy” rating and $34 target price in Wednesday, October 28 report. As per Wednesday, April 27, the company rating was maintained by Deutsche Bank. On Friday, September 23 the stock rating was downgraded by RBC Capital Markets to “Underperform”. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, February 11. The rating was maintained by Barclays Capital with “Equal Weight” on Wednesday, July 29. The company was maintained on Tuesday, September 27 by Pivotal Research. The firm has “Hold” rating given on Wednesday, July 27 by Axiom Capital. As per Thursday, July 23, the company rating was maintained by Brean Capital. Barclays Capital maintained it with “Equal-Weight” rating and $18 target price in Wednesday, April 27 report.

About 11.29M shares traded hands. Twitter Inc (NYSE:TWTR) has risen 6.40% since April 21, 2016 and is uptrending. It has outperformed by 1.07% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.39, from 1.37 in 2016Q1. The ratio is negative, as 56 funds sold all Twitter Inc shares owned while 115 reduced positions. 60 funds bought stakes while 175 increased positions. They now own 288.28 million shares or 2.13% less from 294.57 million shares in 2016Q1.

Blair William Il has invested 0.02% of its portfolio in Twitter Inc (NYSE:TWTR). Ruggie Capital Gp last reported 0% of its portfolio in the stock. Creative Planning last reported 224,823 shares in the company. Oregon Public Employees Retirement Fund, a Oregon-based fund reported 2,500 shares. Envestnet Asset has 0.01% invested in the company for 147,024 shares. Moreover, Contrarius Ltd has 5.98% invested in Twitter Inc (NYSE:TWTR) for 4.15M shares. Espalier Global Mgmt Limited Co, a New York-based fund reported 72,145 shares. Tci Wealth Advisors last reported 2,523 shares in the company. Motley Fool Wealth Ltd has invested 0.43% of its portfolio in Twitter Inc (NYSE:TWTR). Gulf International Financial Bank (Uk) Limited has 0.05% invested in the company for 171,687 shares. Moreover, Quantitative Investment Mgmt Ltd Limited Liability Company has 1.04% invested in Twitter Inc (NYSE:TWTR) for 1.32M shares. Morgan Stanley last reported 0.19% of its portfolio in the stock. Federated Invsts Pa holds 0% or 50,000 shares in its portfolio. Of Vermont last reported 0% of its portfolio in the stock. Synovus Fincl holds 1,000 shares or 0% of its portfolio.

Twitter, Inc. offers products and services for users, advertisers, developers and platform and data partners. The company has a market cap of $13.00 billion. The Company’s service is live-live commentary, live connections, live conversations. It currently has negative earnings. The Company’s services and products for users include Twitter, and Periscope and Vine.

According to Zacks Investment Research, “Twitter is a public, real-time, global platform where any user can create a Tweet and any user can follow other users. The platform is unique in its simplicity: Tweets are limited to 140 characters of text. This constraint makes it easy for anyone to quickly create, distribute and discover content that is consistent across our platform and optimized for mobile devices. As a result, Tweets drive a high velocity of information exchange that makes Twitter uniquely live.”

TWTR Company Profile

Twitter, Inc. (Twitter), incorporated on April 19, 2007, offers services and products for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations.

More notable recent Twitter Inc (NYSE:TWTR) news were published by: Valuewalk.com which released: “Twitter Inc CEO Account Suspended, Dorsey Blames ‘Internal Error'” on November 23, 2016, also Fool.com with their article: “Twitter, Inc. Stays Tight-Lipped on Acquisition Reports” published on November 15, 2016, Investorplace.com published: “Why Weibo Corp (ADR) Stock Is Crushing Twitter Inc (TWTR)” on November 21, 2016. More interesting news about Twitter Inc (NYSE:TWTR) were released by: Fool.com and their article: “4 Reasons Twitter Inc. Should Have Spared Vine” published on November 05, 2016 as well as Fool.com‘s news article titled: “Twitter Inc.’s COO Is Leaving” with publication date: November 11, 2016.

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