Tarena International (NASDAQ:TEDU) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

TEDU has been the subject of several other reports. Zacks Investment Research cut Tarena International from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Jefferies Group cut Tarena International from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.13.

Tarena International (NASDAQ:TEDU) traded down $0.01 during trading hours on Friday, reaching $14.36. The company had a trading volume of 89,700 shares, compared to its average volume of 292,206. The firm has a market cap of $809.08, a PE ratio of 27.62, a P/E/G ratio of 2.20 and a beta of 0.98. Tarena International has a 1-year low of $12.52 and a 1-year high of $21.70.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Davis Selected Advisers increased its stake in shares of Tarena International by 209.9% in the 3rd quarter. Davis Selected Advisers now owns 2,458,979 shares of the business services provider’s stock valued at $35,778,000 after purchasing an additional 1,665,477 shares during the last quarter. Alliancebernstein L.P. grew its position in Tarena International by 70.8% during the 1st quarter. Alliancebernstein L.P. now owns 2,924,010 shares of the business services provider’s stock worth $54,621,000 after acquiring an additional 1,212,463 shares during the last quarter. Summitview Investment Management bought a new stake in Tarena International during the 4th quarter worth $5,789,000. Renaissance Technologies LLC grew its position in Tarena International by 126.2% during the 1st quarter. Renaissance Technologies LLC now owns 811,300 shares of the business services provider’s stock worth $15,155,000 after acquiring an additional 452,600 shares during the last quarter. Finally, Yiheng Capital LLC bought a new stake in Tarena International during the 4th quarter worth $4,687,000. 34.26% of the stock is owned by hedge funds and other institutional investors.

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About Tarena International

Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.

Analyst Recommendations for Tarena International (NASDAQ:TEDU)

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