NetEase Inc (NASDAQ:NTES) has been upgraded from Hold to Buy in a statement by Jefferies & Co earlier today.
- Updated: November 28, 2016
Boasting a price of $232.12, NetEase Inc (NASDAQ:NTES) traded 2.17% higher on the day. With the last stock price close up 9.93% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. NetEase Inc 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 & Co has upgraded NetEase Inc (NASDAQ:NTES) from Hold to Buy in a statement released on 11/28/2016.
With a total market value of $0, NetEase Inc has price-earnings ratio of 22.58 with a one year low of $129.60 and a one year high of $272.58 .
A total of 19 equity analysts have released a research note 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.
More About NetEase Inc (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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