Zacks Investment Research downgraded shares of KIT DIGITAL INC (KITD) from NEUTRAL to UNDERPERFORM on May 23, 2012, with a target price of $3.40.
KIT DIGITAL INC s a leading, globalprovider of proprietary video distribution technologies and video-centric interactive marketing solutions. Through its end-to-end platform,They works closely with consumer brands, content providers and telcos to maximize the value of video content via the Internet and mobile networks.They allows clients to publish, manage and distribute digital video content, build online/mobile communities and integrate advertising.They also offers businesses a full range of video-centric interactive marketing solution and Their clients can access approximately hundred channels and fourth thousand videos. They include News Corp., Verizon, IMG, China Mobile, Telefonica, Vodafone, K-Mart, Coles, NASDAQ, Hummer and RCS. They have principal offices in Dubai, Melbourne, Stockholm, New York, and London.
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