T.H. Capital Initiates Coverage on Youku Tudou Inc (YOKU)
Several other analysts have also recently commented on the stock. Analysts at TH Capital downgraded shares of Youku Tudou Inc from a “buy” rating to a “hold” rating in a research note on Monday. Separately, analysts at TheStreet downgraded shares of Youku Tudou Inc from a “hold” rating to a “sell” rating in a research note on Thursday, June 12th. Finally, analysts at Goldman Sachs initiated coverage on shares of Youku Tudou Inc in a research note on Wednesday, June 4th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Youku Tudou Inc has an average rating of “Hold” and a consensus target price of $26.80.
Shares of Youku Tudou Inc (NASDAQ:YOKU) traded down 2.71% on Monday, hitting $21.22. The stock had a trading volume of 2,560,830 shares. Youku Tudou Inc has a 52-week low of $17.77 and a 52-week high of $37.74. The stock has a 50-day moving average of $20.91 and a 200-day moving average of $24.50. The company’s market cap is $3.573 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 $-1.71 earnings per share for the current fiscal year.
Youku Tudou Inc (NASDAQ:YOKU), formerly Youku Inc, is an Internet television company in the People’s Republic of China.
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