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AOL Inc. (AOL) operates as a Web services company that offers a suite of brands and offerings for the worldwide audience.
Its business spans online content, products, and services for consumers, publishers, and advertisers.
The company provides content produced by journalists from new and traditional media, freelance writers and bloggers, and licensed content from third parties, as well as aggregations of user-generated content through sites, such as The Huffington Post, The Huffington Post Women, The Huffington Post Parents, and The Huffington Post Black Voices.
It also operates Patch, a community-specific news and information platform that provides local coverage information for individual towns and communities; and MapQuest, which offers online mapping and directions services, as well as provides local directory listings through its AOL Yellow Pages product. In addition, the company offers search and contextual, online advertising, display advertising, and Internet access subscription services.
Further, it provides consumer applications, such as AOL Mail and AIM, which are e-mail and instant messaging services. The company distributes its AOL properties through subscription access services; open Web and the Apple App Store; toolbars, widgets, co-branded portals, Websites, third party Website, and social networks; and agreements with manufacturers of digital devices and other consumer electronics, and mobile carriers, as well as through search engine marketing and optimization distribution methods.
The firm is scheduled to report its earnings on November 6. We expect a solid report. Shares have rebounded from a support level of $34.25. They are heading higher in an upward trading channel. Higher prices are expected from the present level.
52-Week Trading Range: $13.49 - $37.94
Last Trade: $35.45
Stop Loss: $33.68
Target Price: $39.00
We closed AOL position at $39.60 following its solid earnings and updated guidance.
