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MercadoLibre (NDAQ:MELI) has been downgraded from Overweight to Sector Weight in a statement by KeyBanc Capital Markets earlier today.

KeyBanc Capital Markets has downgraded MercadoLibre (NDAQ:MELI) from Overweight to Sector Weight in a statement released on 10/23/2017.

On 8/25/2017, Stifel Nicolaus released a statement for MercadoLibre (NDAQ:MELI) bumped up the target price from $0.00 to $275.00 that suggested an upside of 0.12%.

Boasting a price of $227.29, MercadoLibre (NDAQ:MELI) traded -2.85% lower on the day. With the last stock price close down -12.14% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. MercadoLibre has recorded a 50-day average of $265.86 and a two hundred day average of $260.63. Volume of trade was down over the average, with 275,928 shares of MELI changing hands under the typical 873,895

Performance Chart

MercadoLibre (NDAQ:MELI)

With a total market value of $0, MercadoLibre has price-earnings ratio of 70.18 with a one year low of $148.98 and a one year high of $297.95 .

A total of 10 equity analysts have released a ratings update on MELI. One equity analyst rating the company a strong buy, three equity analysts rating the company a buy, five equity 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 target of $120.55.

Brief Synopsis About MercadoLibre (NDAQ: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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