YY Sets New 1-Year High at $57.59 (YY)
Shares of YY (NYSE:YY) hit a new 52-week high on Friday, Stock Ratings Network.com reports. The company traded as high as $57.59 and last traded at $56.85, with a volume of 4,231,360 shares trading hands. The stock had previously closed at $52.46.
A number of research firms have recently commented on YY. Analysts at Zacks upgraded shares of YY from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, November 26th. They now have a $56.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of YY in a research note to investors on Wednesday, November 6th. They now have a $47.00 price target on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of YY to $70.00 in a research note to investors on Wednesday, November 6th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. YY has an average rating of “Buy” and a consensus target price of $48.50.
YY has a one year low of $13.06 and a one year high of $56.75. The stock has a 50-day moving average of $50.24 and a 200-day moving average of $43.78. The company has a market cap of $3.175 billion and a P/E ratio of 55.99.
YY (NYSE:YY) last released its earnings data on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.16. The company had revenue of $79.60 million for the quarter, compared to the consensus estimate of $71.33 million. YY’s revenue was up 7959999900.0% compared to the same quarter last year.
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