NEW YORK (
-- Internet Capital Group
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Internet Capital Group Inc. is a private equity and venture capital firm specializing in patient capital, growth capital, acquisitions, and mid and late venture investments in public and private companies. The company has a P/E ratio of 6.1, equal to the average internet industry P/E ratio and below the S&P 500 P/E ratio of 22.6. Internet Capital Group has a market cap of $471.6 million and is part of the
industry. Shares are down 6.3% year to date as of the close of trading on Thursday.
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