Credit Agricole SA upgraded NetEase Inc (ADR) (NASDAQ:NTES) to Outperform in a statement released earlier today.
- Updated: October 2, 2016
Having a price of $240.78, NetEase Inc (ADR) (NASDAQ:NTES) traded 2.36% higher on the day. With the last close up 36.25% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. NetEase Inc (ADR) has recorded a 50-day average of $225.52 and a two hundred day average of $180.89. Volume of trade was down over the average, with 91,927 shares of NTES changing hands under the typical 1,190,360
Credit Agricole SA has upgraded NetEase Inc (ADR) (NASDAQ:NTES) to Outperform in a statement released on 10/03/2016.
With a total market value of $0, NetEase Inc (ADR) has price-earnings ratio of 23.58 with a one year low of $121.02 and a one year high of $254.48 .
A total of 19 equity analysts have released a ratings update on NTES. Six equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, three equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $176.08.
Brief Synopsis About NetEase Inc (ADR) (NASDAQ:NTES)
NetEase, Inc. (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. Its online games business primarily focuses on offering personal computer (PC)-client massively multi-player online role-playing games (PC-client MMORPGs), as well as mobile games to the Chinese market. The NetEase Websites provide Internet users with Chinese language online services centered over three core service categories, which include content, community and communication. Its online advertising offerings include banner advertising, direct e-mail, sponsored special events, games, contests and other activities. It offers free and fee-based premium e-mail services to its individual users and corporate users.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.