Yellow Pages (TSE:Y) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Yellow Pages Limited (TSE:Y) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$13.38 and traded as high as C$13.80. Yellow Pages shares last traded at C$13.65, with a volume of 1,317 shares.

Analyst Upgrades and Downgrades

Separately, National Bank Financial boosted their price objective on Yellow Pages from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$12.50.

Yellow Pages Stock Down 1.1%

The stock has a market cap of C$156.05 million, a P/E ratio of 9.71, a price-to-earnings-growth ratio of -0.32 and a beta of 0.99. The company has a current ratio of 2.23, a quick ratio of 3.26 and a debt-to-equity ratio of 113.63. The stock’s fifty day moving average price is C$13.39 and its 200 day moving average price is C$12.99.

Yellow Pages (TSE:Y) last released its earnings results on Thursday, August 6th. The company reported C$0.29 earnings per share for the quarter. The company had revenue of C$47.56 million during the quarter. Yellow Pages had a return on equity of 40.00% and a net margin of 9.95%. As a group, research analysts forecast that Yellow Pages Limited will post 1.62 earnings per share for the current fiscal year.

Yellow Pages Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were issued a $0.25 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.00 annualized dividend and a dividend yield of 7.4%. Yellow Pages’s dividend payout ratio (DPR) is currently 71.94%.

Yellow Pages Company Profile

Yellow Pages Ltd is a media and marketing solutions company in Canada, offering small and medium-sized enterprises (SMEs) services to help them connect with local consumers. The company has two reportable segments namely Yellow Pages and Other. It generates maximum revenue from the Yellow Pages segment.