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TD Ameritrade Upgraded to “Buy” at Citigroup (AMTD)

Online brokerage operator TD Ameritrade Holding Corp. ( AMTD ) on Friday caught a big upgrade from analysts at Citigroup.

The firm said it boosted its rating on AMTD from "Hold" to "Buy" and set an $18.50 price target. That target suggests a 24% upside to the stock's Thursday closing price of $14.90.

TD Ameritrade shares, which have fallen nearly 22% year-to-date, rose 50 cents, or +3.4%, in premarket trading Friday.

The Bottom Line

Shares of TD Ameritrade ( AMTD ) have a 1.34% dividend yield, based on last night's closing stock price of $14.90. The stock has technical support in the $13 price area. If the shares can firm up, we see overhead resistance around the $16 price level.

TD Ameritrade Holding Corp. ( AMTD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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