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China Distance Education Holdings (NYSE:DL) was downgraded by equities researchers at Jefferson Research from a “buy” rating to a “hold” rating in a research report issued on Friday, Stock Ratings Network reports.

China Distance Education Holdings (NYSE:DL) traded down 0.57% during mid-day trading on Friday, hitting $24.3007. The stock had a trading volume of 70,306 shares. China Distance Education Holdings has a one year low of $4.33 and a one year high of $26.15. The stock’s 50-day moving average is $20.92 and its 200-day moving average is $15.09. The company has a market cap of $834.9 million and a P/E ratio of 61.10.

China Distance Education Holdings (NYSE:DL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.03. Analysts expect that China Distance Education Holdings will post $0.57 EPS for the current fiscal year.

A number of other firms have also recently commented on DL. Analysts at Citigroup Inc. initiated coverage on shares of China Distance Education Holdings in a research note on Friday, February 7th. They set a “neutral” rating on the stock. Separately, analysts at Zacks downgraded shares of China Distance Education Holdings from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 6th. They now have a $23.50 price target on the stock. Finally, analysts at Zacks upgraded shares of China Distance Education Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 8th. They now have a $21.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. China Distance Education Holdings has a consensus rating of “Hold” and a consensus target price of $15.75.

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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