Youku Tudou Inc Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:YOKU)
Youku Tudou Inc (NASDAQ:YOKU) has received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, American Banking News.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $27.83.
Shares of Youku Tudou Inc (NASDAQ:YOKU) traded up 0.42% on Friday, hitting $19.13. The stock had a trading volume of 860,768 shares. Youku Tudou Inc has a 52 week low of $17.69 and a 52 week high of $37.74. The stock has a 50-day moving average of $21.68 and a 200-day moving average of $27.91. The company’s market cap is $3.221 billion.
Youku Tudou Inc (NASDAQ:YOKU) last announced its earnings results on Thursday, May 22nd. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.20) by $0.06. The company had revenue of $112.70 million for the quarter. During the same quarter in the prior year, the company posted ($0.23) earnings per share. The company’s quarterly revenue was up 36.0% on a year-over-year basis. On average, analysts predict that Youku Tudou Inc will post $-1.65 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on YOKU shares. Analysts at Goldman Sachs initiated coverage on shares of Youku Tudou Inc in a research note on Wednesday. They set a “neutral” rating on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Youku Tudou Inc in a research note on Tuesday, May 27th. They now have a $30.00 price target on the stock, down previously from $36.00. Finally, analysts at HSBC upgraded shares of Youku Tudou Inc from an “underweight” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $22.00 price target on the stock.
Youku Tudou Inc (NASDAQ:YOKU), formerly Youku Inc, is an Internet television company in the People’s Republic of China.
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