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Deutsche Bank reduced their price objective on shares of Yandex (NASDAQ:YNDX) from $48.00 to $46.00 in a research note issued on Tuesday, AmericanBankingNews.com reports. Deutsche Bank’s price objective points to a potential upside of 14.17% from the stock’s previous close.

A number of other analysts have also recently weighed in on YNDX. Analysts at Credit Suisse raised their price target on shares of Yandex from $33.00 to $47.00 in a research note on Thursday, February 13th. Analysts at Morgan Stanley raised their price target on shares of Yandex from $42.00 to $50.00 in a research note on Thursday, January 9th. Nine analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $45.21.

Yandex (NASDAQ:YNDX) traded up 2.21% during mid-day trading on Tuesday, hitting $41.1799. The stock had a trading volume of 2,868,950 shares. Yandex has a one year low of $19.93 and a one year high of $45.42. The stock has a 50-day moving average of $40.66 and a 200-day moving average of $37.72. The company has a market cap of $13.419 billion and a price-to-earnings ratio of 32.73. Yandex also was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 4,297,436 shares, a decrease of 28.5% from the January 15th total of 6,011,754 shares. Based on an average daily volume of 3,783,002 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.8% of the shares of the stock are short sold.

Yandex NV is a provider of internet services, headquartered in the Russian Federation. The Company operates a search engine, yandex.

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