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Zacks Investment Research downgraded MakeMyTrip Limited (NASDAQ:MMYT) to Hold in a report released today.

Just yesterday MakeMyTrip Limited (NASDAQ:MMYT) traded -0.80% lower at $33.95. MakeMyTrip Limited’s 50-day moving average is $29.77 and its 200-day moving average is $32.66. The last stock price is up -24.06% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. 559,571 shares of MMYT traded hands, up from an average trading volume of 558,780

Zacks Investment Research has downgraded MakeMyTrip Limited (NASDAQ:MMYT) to Hold in a report released on 5/23/2017.

Previously on 5/6/2017, Zacks Investment Research released a statement about MakeMyTrip Limited (NASDAQ:MMYT) increased the target price from $0.00 to $42.00. At the time, this indicated a possible upside of 0.13%.

Recent Performance Chart

MakeMyTrip Limited (NASDAQ:MMYT)

MakeMyTrip Limited has 52 week low of $22.05 and a 52 week high of $40.90 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. The average stock price target is $19.81 with 3 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On MakeMyTrip Limited (NASDAQ:MMYT)

MakeMyTrip Limited is an online travel company in India. The Company's services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company. Through the Company's Website, www.makemytrip.com, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas.

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