Netease.com (NASDAQ:NTES) has been upgraded from Underperform to Outperform in a statement by CLSA earlier today.
- Updated: October 3, 2016
CLSA has upgraded Netease.com (NASDAQ:NTES) from Underperform to Outperform in a statement released on Monday October 03, 2016.
Boasting a price of $240.78, Netease.com (NASDAQ:NTES) traded 2.36% higher on the day. With the last stock price close up 36.25% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Netease.com 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
With a total market value of $0, Netease.com has price-earnings ratio of 23.58 with a one year low of $121.02 and a one year high of $254.48 .
In addition to CLSA reporting its stock price target, a total of 19 brokerages have issued a ratings update on the company. The average stock price target is $176.08 with 6 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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