Phoenix New Media Rating Increased to Outperform at Zacks (FENG)
Phoenix New Media (NASDAQ:FENG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, AR Network reports. The firm currently has a $10.90 price target on the stock. Zacks‘ price target points to a potential upside of 6.03% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Phoenix New Media in a research note to investors on Thursday, November 14th. They now have a $15.00 price target on the stock, up previously from $14.00.
Shares of Phoenix New Media (NASDAQ:FENG) traded up 4.79% during mid-day trading on Tuesday, hitting $10.28. 769,489 shares of the company’s stock traded hands. Phoenix New Media has a one year low of $3.40 and a one year high of $13.38. The stock has a 50-day moving average of $9.36 and a 200-day moving average of $8.96. The company has a market cap of $770.6 million and a price-to-earnings ratio of 20.87.
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.
To view Zacks’ full report, visit www.zacks.com
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