eLong Stock Rating Upgraded by Thomson Reuters/Verus (LONG)
eLong (NASDAQ:LONG) was upgraded by equities research analysts at Thomson Reuters/Verus from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports.
Separately, analysts at Brean Capital raised their price target on shares of eLong from $18.00 to $24.00 in a research note to investors on Thursday, August 15th. They now have a “buy” rating on the stock.
Shares of eLong (NASDAQ:LONG) traded up 0.29% during mid-day trading on Monday, hitting $22.917. 9,116 shares of the company’s stock traded hands. eLong has a one year low of $12.69 and a one year high of $23.81. The stock’s 50-day moving average is $18.44 and its 200-day moving average is $15.6. The company’s market cap is $792.9 million.
eLong (NASDAQ:LONG) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.00 earnings per share for the quarter. On average, analysts predict that eLong will post $-0.27 earnings per share for the current fiscal year.
eLong, Inc is a online travel service provider in China. The Company utilizes centralized modern call center and Web-based distribution technologies to provide its services.
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