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MercadoLibre (NASDAQ:MELI) has been downgraded from Overweight to Neutral in a statement by JPMorgan earlier today.

Boasting a price of $296.24, MercadoLibre (NASDAQ:MELI) traded -2.55% lower on the day. The last stock close price is up 50.16% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the same time period. MELI has recorded a 50-day moving average of $231.57 and a two hundred day average of $192.25. Trade Volume was down over the average, with 55,175 shares of MELI changing hands under the typical 434,751

JPMorgan has downgraded MercadoLibre (NASDAQ:MELI) from Overweight to Neutral in a statement released on Tuesday May 16, 2017.

Recent Performance Chart

MercadoLibre (NASDAQ:MELI)

MercadoLibre has PE ratio of 82.43 with a one year low of $126.10 and a one year high of $292.34 and has a market capitalization of $0.

A total of 10 brokers have issued a research note on the company. 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, five analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year stock price target of $120.55.

Brief Synopsis On MercadoLibre (NASDAQ:MELI)

MercadoLibre, Inc. is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America). It also operates online commerce platforms in the Dominican Republic, Honduras, Nicaragua, Salvador, Panama, Bolivia, Guatemala, Paraguay and Portugal. It offers an ecosystem of six integrated e-commerce services: the MercadoLibre Marketplace, the MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre advertising program, the MercadoShops online Webstores solution and the MercadoEnvios shipping service.

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