Youku Tudou Inc Receives Average Rating of “Hold” from Brokerages (NASDAQ:YOKU)
Youku Tudou Inc (NASDAQ:YOKU) has been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the stock, Analyst RN reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.43.
A number of analysts have recently weighed in on YOKU shares. Analysts at Macquarie reiterated an “outperform” rating on shares of Youku Tudou Inc in a research note on Thursday. They now have a $28.00 price target on the stock, down previously from $30.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Youku Tudou Inc in a research note on Thursday. They now have a $28.00 price target on the stock, down previously from $30.00. Finally, analysts at Morgan Stanley downgraded shares of Youku Tudou Inc from an “overweight” rating to an “equal weight” rating in a research note on Wednesday.
Shares of Youku Tudou Inc (NASDAQ:YOKU) opened at 19.09 on Tuesday. Youku Tudou Inc has a one year low of $17.77 and a one year high of $37.74. The stock’s 50-day moving average is $20.42 and its 200-day moving average is $24.17. The company’s market cap is $3.976 billion. Youku Tudou Inc also was the target of unusually large options trading on Wednesday. Traders purchased 4,342 put options on the company. This is an increase of 146% compared to the typical volume of 1,768 put options.
Youku Tudou Inc (NASDAQ:YOKU) last released its earnings data on Tuesday, August 19th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.34) by $0.27. The company had revenue of $154.54 million for the quarter. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 27.0% on a year-over-year basis. Analysts expect that Youku Tudou Inc will post $-2.97 EPS 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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