58.com Inc (ADR) (NYSE:WUBA) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 30, 2016
Zacks Investment Research has upgraded 58.com Inc (ADR) (NYSE:WUBA) to Hold in a statement released on 10/01/2016.
Having a price of $47.66, 58.com Inc (ADR) (NYSE:WUBA) traded 0.29% higher on the day. With the last stock price down -6.07% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. WUBA has recorded a 50-day average of $48.09 and a two hundred day average of $50.74. Trade Volume was down over the average, with 592,106 shares of WUBA changing hands under the typical 1,636,500
Recent Performance Chart
58.com Inc (ADR) has with a one year low of $42.57 and a one year high of $70.27 and has a market capitalization of $0.
A total of 14 firms have issued a report on WUBA. Three brokerages rating the stock a strong buy, 5 analysts rating the company a buy, two brokers rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 1 firm rating the stock a sell with a consensus target price of $66.57.
More About 58.com Inc (ADR) (NYSE:WUBA)
58.com Inc. is a holding company. The Company's business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke. 58 and Ganji are online multi-content category-classified advertising platforms, while Anjuke is an online real estate listing platform. In addition, 58 Daojia Inc., its subsidiary, operates a mobile-based closed-loop transactional platform for home services, which directly connects consumers and individual service providers for local services, such as home cleaning, moving services and manicure services provided at home. Its classifieds and listing platforms contain local information for over 480 cities across various content categories, including jobs, real estate, used goods, automotive and yellow pages. It also offers membership, online marketing services and e-commerce services.
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