AOL, Inc.(NYSE:AOL) announced a video distribution deal with Microsoft Corporation(NASDAQ:MSFT) by which AOL content and its video library will be available on Microsoft’s MSN online network and on Microsoft’s Bing mobile apps.
AOL said the deal convers content from AOL brands such as Huffpost Live, Techcrunch and Moviefone, as well as content from AOL partners sites for ESPN, TMZ, Rachael Ray and Martha Stewart.
Videos from AOL’s library of nearly 900,000 pieces will also be distributed on the Microsoft video platforms, AOL said.
In late morning trade, AOL was up 0.8% to $42.26, and MSFT was down 0.18% to $39.79.
Analysts have a consensus price target of $51 on AOL, Inc.(NYSE:AOL) which indicates a 17% upside. The consensus rating of the stock is a BUY with a score of 2.57. There are currently 6 Hold ratings and 8 Buy ratings on the stock.
A recent analyst action consisted of Ned Davis Research upgrading the stock from a Neutral rating to a Buy rating.
Analysts have a consensus price target of $37.54 on Microsoft Corporation(NASDAQ:MSFT) which indicates a 5.81% downside. The consensus rating of the stock is a HOLD with a score of 2.24. There are currently 19 Hold Ratings, 11 Buy ratings and 3 Sell ratings on the stock.
The most recent analyst action consisted of RBC Capital boosting their price target on the stock from $37 to $44.
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