Baidu.com Downgraded by BNP Paribas to Hold (BIDU)
Baidu.com (NASDAQ:BIDU) was downgraded by equities researchers at BNP Paribas from a “buy” rating to a “hold” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Baidu.com (NASDAQ:BIDU) opened at 159.36 on Monday. Baidu.com has a 1-year low of $82.98 and a 1-year high of $148.25. The stock has a 50-day moving average of $136.6 and a 200-day moving average of $103.8. The company has a market cap of $55.740 billion and a price-to-earnings ratio of 33.32.
A number of other firms have also recently commented on BIDU. Analysts at Citigroup Inc. set a $175.00 price target on shares of Baidu.com in a research note to investors on Thursday, October 17th. Separately, analysts at Maxim Group upgraded shares of Baidu.com from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, October 9th. They now have a $95.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Baidu.com in a research note to investors on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Baidu.com presently has an average rating of “Buy” and an average price target of $144.84.
Baidu, Inc operates as a Chinese language Internet search provider for web pages, audio files, news, images and multimedia through links provided on their website.
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