Jefferies Group upgraded NetEase Inc (ADR) (NASDAQ:NTES) to Buy in a report released today.
- Updated: November 28, 2016
Jefferies Group has upgraded NetEase Inc (ADR) (NASDAQ:NTES) to Buy in a statement released on 11/28/2016.
Having a price of $227.09, NetEase Inc (ADR) (NASDAQ:NTES) traded 2.17% higher on the day. With the last close up 9.93% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the date range. NetEase Inc (ADR) has recorded a 50-day average of $249.31 and a two hundred day average of $211.05. Volume of trade was up over the average, with 1,263,175 shares of NTES changing hands over the typical 1,253,240
With a market capitalization of $0, NetEase Inc (ADR) has 52 week low of $129.60 and a 52 week high of $272.58 with a PE ratio of 22.58 .
In addition to Jefferies Group reporting its stock price target, a total of 19 brokers have issued a research note on the company. The average stock price target is $176.08 with 6 brokers rating the stock a strong buy, 8 firms rating the stock a buy, 3 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information 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.
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