Phoenix New Media PT Raised to $14.00 at JPMorgan Chase & Co. (FENG)
Analysts at JPMorgan Chase & Co. raised their target price on shares of Phoenix New Media (NASDAQ:FENG) from $11.00 to $14.00 in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 28.56% from the company’s current price.
Separately, analysts at Zacks upgraded shares of Phoenix New Media from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 15th. They now have a $9.60 price target on the stock.
Phoenix New Media (NASDAQ:FENG) traded down 4.97% during mid-day trading on Wednesday, hitting $10.89. 1,505,831 shares of the company’s stock traded hands. Phoenix New Media has a 52-week low of $2.88 and a 52-week high of $13.00. The stock has a 50-day moving average of $10.59 and a 200-day moving average of $6.47. The company has a market cap of $828.2 million and a price-to-earnings ratio of 35.48.
Phoenix New Media Limited (NASDAQ:FENG) is a new media company providing content on an integrated platform across Internet, mobile and television (TV) channels in China.
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