Yellow Media Ltd. (Y) Downgraded to “Hold” at Beacon Securities

Yellow Media Ltd. (TSE:Y) was downgraded by equities researchers at Beacon Securities from a “buy” rating to a “hold” rating in a report issued on Thursday, May 11th.

A number of other equities research analysts also recently issued reports on the company. TD Securities restated a “hold” rating and set a C$10.50 price target on shares of Yellow Media in a research note on Tuesday, May 2nd. Canaccord Genuity boosted their price target on Yellow Media from C$8.00 to C$15.00 and gave the company a “speculative buy” rating in a research note on Thursday, May 11th. Finally, Royal Bank of Canada cut their price target on Yellow Media from C$16.00 to C$9.00 and set a “sector perform” rating for the company in a research note on Thursday, March 23rd.

Yellow Media (Y) opened at 6.05 on Thursday. Yellow Media has a 52-week low of $4.34 and a 52-week high of $22.24. The company’s 50-day moving average is $5.85 and its 200 day moving average is $11.27. The company’s market cap is $169.85 million.

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