Phoenix New Media Downgraded to Neutral at Zacks (FENG)
Phoenix New Media (NASDAQ:FENG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, Analyst Ratings News reports. They currently have a $10.90 target price on the stock. Zacks‘ price target points to a potential upside of 19.65% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Phoenix New Media from $11.00 to $14.00 in a research note to investors on Wednesday, October 9th. They now have an “overweight” rating on the stock.
Shares of Phoenix New Media (NASDAQ:FENG) traded up 1.45% during mid-day trading on Wednesday, hitting $9.11. 994,309 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 $13.38. The stock’s 50-day moving average is $11.33 and its 200-day moving average is $7.31. The company has a market cap of $692.9 million and a P/E ratio of 27.80.
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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