Valassis Communications (NYSE:VCI) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $27.18 on volume of 1.4 million shares, above average daily volume of 382,000.

Valassis Communications, Inc. is a media and marketing services company serving a wide range of industries. The Company and its subsidiaries offer products and services to mass or targeted audiences by mail, in newspapers and stores, and online. Valassis also offers coupon redemption and management, promotion and sweepstakes security, and frequent shopper data collection and analysis.

Over the past year, Valassis Communications has traded in a range of $18.70 to $28.19 and closed yesterday at $27.18, 45% above that low. The 200-day and 50-day moving averages have moved 0.22% higher and 0.93% higher over the past week, respectively.

Valassis Communications (NYSE:VCI) has potential upside of 10.4% based on a current price of $27.18 and analysts' consensus price target of $30.00. The stock should find initial support at its 50-day moving average (MA) of $25.85 and further support at its 200-day MA of $23.34.

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