NQ Mobile Receives New Coverage from Analysts at Macquarie (NQ)
Equities researchers at Macquarie initiated coverage on shares of NQ Mobile (NYSE:NQ) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of NQ Mobile (NYSE:NQ) opened at 21.67 on Thursday. NQ Mobile has a 1-year low of $5.07 and a 1-year high of $24.10. The stock’s 50-day moving average is $20.33 and its 200-day moving average is $13.05. The company has a market cap of $1.116 billion and a P/E ratio of 111.13.
NQ Mobile (NYSE:NQ) last released its earnings data on Monday, August 12th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.06. The company had revenue of $41.40 million for the quarter, compared to the consensus estimate of $38.34 million. During the same quarter last year, the company posted $0.14 earnings per share. NQ Mobile’s revenue was up 107.4% compared to the same quarter last year. On average, analysts predict that NQ Mobile will post $1.05 earnings per share for the current fiscal year.
Separately, analysts at Canaccord Genuity raised their price target on shares of NQ Mobile from $17.00 to $28.00 in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock.
NQ Mobile Inc (NYSE:NQ), formerly NetQin Mobile Inc, is a holding company.
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