Motricity (MOTR) Upgraded to Sector Perform at RBC Capital Markets

Motricity (MOTR) has been upgraded today by the research analysts at investment firm RBC Capital Markets which upgraded MOTR from a “underperform” rating to “sector perform.”  RBC Capital however lowered their outlook on MOTR by decreasing their price target from $12 to $11 dollars.  MOTR is up during intraday trading, shares have trended north the three previous days as well.

Motricity is slated to release their next earnings report on August 3rd, 2011 and is estimated to post EPS of 9 cents.  Their last earnings report was released on May 3rd, 2011 and announced a EPS of 3 cents with revenue totaling $32.2 million which was up 10.7 % year to year.  MOTR is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.

Motricity is a provider of mobile data solutions that enable wireless carriers and enterprises to deliver high value mobile data services to their subscribers and customers.  The company has market capitalization of $388,000,000 and 43,084,000 shares outstanding.  MOTR has a 52-week high of $31.95 with the low being $6.55 dollars.

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