Zacks Investment Research Lowers YAHOO JAPAN CP (YAHOY) to Sell
YAHOO JAPAN CP (OTCMKTS:YAHOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
According to Zacks, “Yahoo Japan Corporation is engaged in the internet advertising, e-Commerce and members services businesses. The company’s operating segments consists of Marketing Solutions, Consumer and Others. Marketing Solutions segment provides advertising, information listing and other corporate services. Consumer segment offers e-commerce related and membership services. Others segment includes settlement and financial services. Yahoo Japan Corporation is headquartered in Tokyo, Japan. “
Several other research firms have also recently issued reports on YAHOY. Jefferies Group reaffirmed a “hold” rating on shares of YAHOO JAPAN CP in a research report on Sunday, October 23rd. Mizuho reaffirmed a “neutral” rating and set a $42.00 price objective (up from $38.00) on shares of YAHOO JAPAN CP in a research report on Friday, October 21st. Susquehanna reaffirmed a “positive” rating and set a $48.00 price objective (up from $44.00) on shares of YAHOO JAPAN CP in a research report on Friday, October 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of YAHOO JAPAN CP in a research report on Tuesday, October 18th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $45.00 price objective (up from $39.00) on shares of YAHOO JAPAN CP in a research report on Friday, October 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.41.
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YAHOO JAPAN CP (OTCMKTS:YAHOY) remained flat at $8.22 during midday trading on Wednesday. 34,130 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $7.54 and a 200 day moving average price of $8.07. YAHOO JAPAN CP has a one year low of $7.08 and a one year high of $9.77. The company has a market capitalization of $23.40 billion and a P/E ratio of 23.22.
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