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Equities researchers at Citigroup Inc. initiated coverage on shares of China Distance Education Holdings (NYSE:DL) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.

Shares of China Distance Education Holdings (NYSE:DL) traded down 0.55% during mid-day trading on Friday, hitting $20.00. 109,288 shares of the company’s stock traded hands. China Distance Education Holdings has a 52 week low of $4.31 and a 52 week high of $25.28. The stock’s 50-day moving average is $19.91 and its 200-day moving average is $14.13. The company has a market cap of $687.1 million and a P/E ratio of 50.28.

China Distance Education Holdings (NYSE:DL) last released its earnings data on Thursday, November 21st. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.15. During the same quarter in the prior year, the company posted $0.11 earnings per share.

A number of other analysts have also recently weighed in on DL. Analysts at Zacks downgraded shares of China Distance Education Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $23.50 price target on the stock. Finally, analysts at Piper Jaffray initiated coverage on shares of China Distance Education Holdings in a research note to investors on Friday, January 3rd. They set an “overweight” rating on the stock.

China Distance Education Holdings Limited (NYSE:DL) offers a range of online education and test preparation courses and other related services and products.

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