In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on AVG Technologies NV AVG.
In the report, Morgan Stanley noted, “A shift towards mobile in the consumer subs. business, a return to growth in the SMB business and better focus/rationalization of the Platform biz are key focuses for AVG in 2014. With 177M users (including ~68M mobile), AVG appears well positioned to leverage its growing portfolio across desktop/mobile, but investors will likely have to be patient to see this translate into overall top-line growth.”
AVG Technologies NV closed on Thursday at $21.10.
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