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Zacks Investment Research downgraded New Oriental Education & Tech Grp (ADR) (NYSE:EDU) to Hold in a report released today.

Zacks Investment Research has downgraded New Oriental Education & Tech Grp (ADR) (NYSE:EDU) to Hold in a report released on 11/29/2016.

Yesterday New Oriental Education & Tech Grp (ADR) (NYSE:EDU) traded -0.46% lower at $50.19. The company’s 50-day moving average is $49.42 and its 200-day moving average is $44.40. The last stock close price is up 13.05% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 752,557 shares of the stock were exchanged, down from an average trading volume of 1,162,790

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New Oriental Education & Tech Grp (ADR) (NYSE:EDU)

New Oriental Education & Tech Grp (ADR) has a 52 week low of $27.40 and a 52 week high of $53.38 with a P/E ratio of 33.39 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $36.00 with 4 firms rating the stock a strong buy, 6 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About New Oriental Education & Tech Grp (ADR) (NYSE:EDU)

New Oriental Education & Technology Group Inc. is a provider of private educational services in the People's Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour. The Company offers a range of educational programs, services and products, consisting of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the People's Republic of China and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education.

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