Netease.com (NASDAQ:NTES) has been upgraded from Hold to Buy in a statement by Jefferies earlier today.
- Updated: November 28, 2016
Having a price of $227.09, Netease.com (NASDAQ:NTES) traded 2.17% higher on the day. With the last stock price up 9.93% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. NTES 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
Jefferies has upgraded Netease.com (NASDAQ:NTES) from Hold to Buy in a statement released on 11/28/2016.
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Netease.com has a 52 week low of $129.60 and a 52 week high of $272.58 with a P/E ratio of 22.58 Netease.com’s market capitalization is currently $0.
Also covering Netease.com's price target, a total of 19 analysts have released a report on the stock. The consensus target price is $176.08 with 6 firms rating the company a strong buy, eight equity analysts rating the company a buy, 3 brokers rating the stock a hold, 2 brokers rating the company a underperform, and lastly zero analysts rating the company a sell.
General Company Details For Netease.com (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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