YY Inc Receives Average Rating of “Buy” from Analysts (NYSE:YY)
Shares of YY Inc (NYSE:YY) have been given an average rating of “Buy” by the nine brokerages that are covering the stock, Stock Ratings Network reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $86.30.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of YY Inc from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $88.80 price target on the stock. Analysts at Pacific Crest reiterated an “outperform” rating on shares of YY Inc in a research note on Thursday, August 7th. They now have a $110.00 price target on the stock, up previously from $93.00.
Shares of YY Inc (NYSE:YY) opened at 89.02 on Friday. YY Inc has a 52-week low of $36.19 and a 52-week high of $90.93. The stock has a 50-day moving average of $76.27 and a 200-day moving average of $70.03. The company has a market cap of $4.976 billion and a price-to-earnings ratio of 43.56.
YY Inc (NYSE:YY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. The company had revenue of $135.60 million for the quarter, compared to the consensus estimate of $121.71 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Analysts expect that YY Inc will post $2.68 EPS for the current fiscal year.
YY Inc (NYSE:YY) is a communication social platform, which engages users in online group activities through voice, text and video.
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