NetEase, Inc Now Covered by Analysts at Citigroup Inc. (NTES)
Shares of NetEase, Inc (NASDAQ:NTES) opened at 82.25 on Tuesday. NetEase, Inc has a 1-year low of $60.32 and a 1-year high of $86.75. The stock’s 50-day moving average is $80.77 and its 200-day moving average is $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.
Separately, analysts at China International Capital Corp downgraded shares of NetEase, Inc from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a $88.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $76.22.
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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