China International Capital Corp Downgrades NetEase, Inc to Hold (NTES)
NetEase, Inc (NASDAQ:NTES) was downgraded by equities research analysts at China International Capital Corp from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They currently have a $88.00 price objective on the stock. China International Capital Corp’s target price suggests a potential upside of 5.41% from the company’s current price.
Separately, analysts at Citigroup Inc. initiated coverage on shares of NetEase, Inc in a research note on Friday, July 25th. They set a “neutral” rating and a $87.60 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $76.22.
NetEase, Inc (NASDAQ:NTES) opened at 82.25 on Tuesday. NetEase, Inc has a 52 week low of $60.32 and a 52 week high of $86.75. The stock has a 50-day moving average of $80.77 and a 200-day moving average of $72.96. The company has a market cap of $10.710 billion and a P/E ratio of 15.02.
NetEase, Inc (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $1.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.40 by $0.02. The company had revenue of $405.20 million for the quarter, compared to the consensus estimate of $391.02 million. On average, analysts predict that NetEase, Inc will post $5.92 earnings per share for the current fiscal year.
NetEase, Inc is a holding company. The Company is an Internet technology company. The Company operates in three segments: Online Game Services, Advertising Services and E-mail, Wireless Value-added Services and Others.
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