AVG Technologies NV (NYSE:AVG) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $24.88 and last traded at $24.86, with a volume of 605,544 shares changing hands. The stock had previously closed at $24.87.

A number of brokerages have recently issued reports on AVG. Dougherty & Co cut shares of AVG Technologies NV from a “buy” rating to a “sell” rating in a report on Thursday, July 7th. Nomura cut shares of AVG Technologies NV from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.00 to $25.00 in a report on Friday, July 8th. Imperial Capital reiterated a “hold” rating and set a $21.00 price objective (down from $22.00) on shares of AVG Technologies NV in a report on Sunday, May 8th. TheStreet upgraded shares of AVG Technologies NV from a “hold” rating to a “buy” rating in a report on Monday, August 8th. Finally, JMP Securities cut shares of AVG Technologies NV from an “outperform” rating to a “market perform” rating and set a $25.00 price objective for the company. in a report on Monday, August 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.30.

The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 28.53. The firm has a 50-day moving average of $24.77 and a 200-day moving average of $20.92.

AVG Technologies NV (NYSE:AVG) last posted its earnings results on Monday, August 8th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.01. On average, equities analysts predict that AVG Technologies NV will post $1.96 EPS for the current year.

A hedge fund recently raised its stake in AVG Technologies NV stock. Ameriprise Financial Inc. raised its position in shares of AVG Technologies NV (NYSE:AVG) by 39.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,298,518 shares of the company’s stock after buying an additional 1,217,315 shares during the period. Ameriprise Financial Inc. owned 8.21% of AVG Technologies NV worth $86,187,000 as of its most recent SEC filing.

AVG Technologies N.V. (AVG) provides software and online services that deliver peace of mind to users by simplifying, optimizing and securing their Internet experiences. The Company is primarily engaged in the development and sale of online service solutions and Internet security software branded under the AVG name.

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