Youku.com Hits New 52-Week High at $30.33 (YOKU)
Youku.com (NASDAQ:YOKU) set a new 52-week high during trading hours on Wednesday, StockRatingsNetwork.com reports. The company traded as high as $30.33 and last traded at $30.27, with a volume of 3,559,787 shares. The stock had previously closed at $28.66.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Youku.com (NASDAQ:YOKU) in a research note to investors on Thursday, September 26th. They set a “neutral” rating on the stock. Separately, analysts at HSBC cut their price target on shares of Youku.com (NASDAQ:YOKU) from $29.00 to $28.00 in a research note to investors on Wednesday, September 4th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Youku.com (NASDAQ:YOKU) from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $23.00 price target on the stock, down previously from $25.00. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.12.
Youku.com has a 1-year low of $13.82 and a 1-year high of $29.30. The stock’s 50-day moving average is $24.79 and its 200-day moving average is $20.80. The company’s market cap is $4.930 billion.
Youku.com (NASDAQ:YOKU) last announced its earnings results on Thursday, August 8th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.75) by $0.65. The company had revenue of $122.80 million for the quarter, compared to the consensus estimate of $122.30 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 101.3% on a year-over-year basis. Analysts expect that Youku.com will post $-2.58 EPS for the current fiscal year.
Youku.com Inc is an Internet television company in People’s Republic of China. Its Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices.
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