YY Inc (YY) Receives Average Recommendation of “Buy” from Brokerages

YY Inc (NASDAQ:YY) has earned a consensus recommendation of “Buy” from the twenty analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $101.90.

A number of brokerages recently issued reports on YY. BidaskClub cut shares of YY from a “buy” rating to a “hold” rating in a research report on Wednesday. Vetr upgraded shares of YY from a “hold” rating to a “buy” rating and set a $148.60 price objective for the company in a research note on Monday, January 22nd. Finally, ValuEngine lowered shares of YY from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th.

A number of hedge funds and other institutional investors have recently made changes to their positions in YY. Huntington National Bank lifted its holdings in YY by 93.6% during the third quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 589 shares in the last quarter. Comerica Bank purchased a new position in YY during the fourth quarter valued at approximately $280,000. Cetera Advisor Networks LLC purchased a new position in YY during the third quarter valued at approximately $203,000. Candriam Luxembourg S.C.A. purchased a new position in YY during the third quarter valued at approximately $208,000. Finally, Boothbay Fund Management LLC purchased a new position in YY during the third quarter valued at approximately $233,000. Institutional investors own 56.76% of the company’s stock.

YY (NASDAQ YY) traded down $5.54 during trading hours on Friday, hitting $128.32. 1,277,046 shares of the stock traded hands, compared to its average volume of 1,020,000. YY has a 12-month low of $40.28 and a 12-month high of $142.97. The stock has a market cap of $7,750.00, a PE ratio of 20.47, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38.

YY (NASDAQ:YY) last posted its earnings results on Tuesday, November 14th. The information services provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.05. YY had a net margin of 22.23% and a return on equity of 34.26%. The firm had revenue of $464.78 million during the quarter, compared to analysts’ expectations of $425.44 million. During the same period last year, the company posted $1.08 EPS. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. analysts expect that YY will post 6.09 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “YY Inc (YY) Receives Average Recommendation of “Buy” from Brokerages” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/02/03/yy-inc-yy-receives-average-recommendation-of-buy-from-brokerages.html.

About YY

YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

Analyst Recommendations for YY (NASDAQ:YY)

Receive News & Ratings for YY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply