NQ Mobile Upgraded to “Neutral” at Zacks (NQ)
NQ Mobile (NYSE:NQ) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $14.40 target price on the stock. Zacks‘ target price indicates a potential upside of 2.86% from the stock’s previous close.
Shares of NQ Mobile (NYSE:NQ) remained flat at $14.00 during trading on Tuesday. The stock had a trading volume of 979,023 shares. NQ Mobile has a 52 week low of $5.92 and a 52 week high of $25.90. The stock has a 50-day moving average of $13.0 and a 200-day moving average of $15.46. The company has a market cap of $796.7 million and a P/E ratio of 105.26.
NQ Mobile (NYSE:NQ) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.01. The company had revenue of $54.20 million for the quarter, compared to the consensus estimate of $51.20 million. During the same quarter last year, the company posted $0.16 earnings per share. NQ Mobile’s revenue was up 110.1% compared to the same quarter last year. On average, analysts predict that NQ Mobile will post $1.05 earnings per share for the current fiscal year.
NQ has been the subject of a number of other recent research reports. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of NQ Mobile in a research note to investors on Wednesday, November 20th. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of NQ Mobile in a research note to investors on Monday, October 28th. They now have a $26.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of NQ Mobile in a research note to investors on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.80.
NQ Mobile Inc (NYSE:NQ), formerly NetQin Mobile Inc, is a holding company.
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