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Enter Symbol:

up 27.27 %

ABOVENET INC (ABVT) upgraded to Buy with price target $60 by Kaufman Bros

Posted on: Monday,  Feb 28, 2011  8:25 AM ET by Kaufman Bros

Kaufman Bros rated Buy ABOVENET INC (NYSE: ABVT) on 02/28/2011, when the stock price was $66.00. Since
then, ABOVENET INC has gained 27.27% as of 06/29/2012's recent price of $84.00.
If you would have followed this Kaufman Bros's recommendation on ABVT, you would have gained 27.27% of your investment in 487 days.

AboveNet, Inc. (AboveNet) provides high bandwidth connectivity solutions primarily to corporate enterprise clients and communication carriers in the United States and the United Kingdom. The Company?s communications infrastructure and global Internet protocol (IP) network are used by a range of companies, such as commercial banks, brokerage houses, insurance companies, investment banks, media companies, social networking companies, Web-centric companies, law firms and medical and health care institutions. The Company provides lit broadband services over its metro networks, long haul network and global IP network utilizing equipment that it owns and operates. In addition, it also provides dark fiber services to customers.

aufman Bros., L.P. recognizes that our research analysts act as the navigating force behind all of the services we offer. Through comments, profiles, reports and newsletters, our analysts track companies within their particular market segment on day-to-day happenings. Kaufman Bros. analysts bring to our tightly integrated team approach a variety of skill-sets and experience. Along with their direct communications industry, company development, and management backgrounds, they possess extensive investment community experience. Kaufman Bros. seeks to deliver comprehensive research coverage to the institutional and private investment communities in the following sectors: Cable, Satellite & Interactive Media Communications Equipment & Services Digital Media Software Enterprise Communications Technology Green Technology Internet & Digital Media IT Services & Enterprise Software Semiconductors
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/28/2011 8:25 AM Buy
66.00 60.00
as of 12/30/2011
1 Week up  0.06 %
1 Month up  8.82 %
3 Months up  21.28 %
1 YTD down  -1.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2010 8:25 AM Hold
59.97 54.00
7/16/2010 8:25 AM Hold
48.21 48.00
12/16/2009 8:25 AM Buy
60.65 70.00
6/4/2009 8:25 AM Buy
35.98 50.00

(*) Stock Price at the time of the recommendation.
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