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A statement released earlier today by Bank of America (Merrill Lynch) about YY Inc (NASDAQ:YY) bumps the target price to $60.00

YY Inc (NASDAQ:YY) had its target price raised to $60.00 by Bank of America (Merrill Lynch) in a report released 11/28/2016. The new target price indicates a possible upside of 0.34% based on the company's last closing price.

Yesterday YY Inc (NASDAQ:YY) traded -5.25% lower at $44.77. The company’s 50-day moving average is $49.38 and its 200-day moving average is $45.66. The last closing price is down -2.80% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,473,994 shares of the stock were exchanged, up from an average trading volume of 1,411,990

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YY Inc (NASDAQ:YY)

YY Inc has a 52 week low of $31.07 and a 52 week high of $65.53 with a P/E ratio of 16.19 The company’s market cap is currently $0.

General Information About YY Inc (NASDAQ: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. YY offers users an entertainment experience through its social community. It owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company's YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan. Its product, YY Client, enables users to engage in live interactions online. Its Web-based YY enables users to conduct real-time interactions through Web browsers without requiring any downloads or installations.

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