JPMorgan Chase & Co. Cuts VisionChina Media, Inc. – Ameri (NASDAQ:VISN) Price Target to $21.00

VisionChina Media, Inc. – Ameri (NASDAQ:VISN) had its target price cut by JPMorgan Chase & Co. from $24.00 to $21.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Several other brokerages have also recently commented on VISN. Evercore started coverage on VisionChina Media, Inc. – Ameri in a research report on Thursday, February 26th. They set a “hold” rating and a $20.00 price target for the company. Wall Street Zen lowered VisionChina Media, Inc. – Ameri from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Zacks Research cut VisionChina Media, Inc. – Ameri from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings started coverage on VisionChina Media, Inc. – Ameri in a report on Wednesday, January 14th. They issued a “hold (c)” rating for the company. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $20.50.

VisionChina Media, Inc. – Ameri Stock Performance

VisionChina Media, Inc. – Ameri stock opened at $19.09 on Thursday. The firm has a market cap of $4.30 billion, a P/E ratio of 2.04, a price-to-earnings-growth ratio of 1.73 and a beta of 2.38. The business’s 50-day simple moving average is $18.33. VisionChina Media, Inc. – Ameri has a one year low of $2.94 and a one year high of $20.55.

VisionChina Media, Inc. – Ameri Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 27th. Investors of record on Friday, April 17th will be issued a dividend of $10.00 per share. The ex-dividend date is Tuesday, April 28th.

About VisionChina Media, Inc. – Ameri

VisionChina Media, Inc operates an out-of-home advertising network using real-time mobile digital television broadcasts to deliver content and advertising on mass transportation systems in China based on its number of displays. The Company also provides urban mass transit wireless fidelity (Wi-Fi). As of September 30, 2015, the Company’s advertising network included approximately 97,757 digital television displays on mass transportation systems in 18 of China’s cities, including Beijing, Guangzhou and Shenzhen.