YY (YY) Was Upgraded by Jefferies to Buy; Last Week 58.com (ADR) (WUBA) Analysts

November 15, 2017 - By Adrian Mccoy

Among 6 analysts covering YY Inc (NASDAQ:YY), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. YY Inc has $101 highest and $45 lowest target. $79.20’s average target is -11.24% below currents $89.23 stock price. YY Inc had 13 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Monday, November 28. The stock of YY Inc (ADR) (NASDAQ:YY) has “Buy” rating given on Monday, October 31 by HSBC. The rating was maintained by Piper Jaffray on Friday, August 14 with “Overweight”. The rating was maintained by Bank of America with “Buy” on Tuesday, July 4. Zacks downgraded YY Inc (ADR) (NASDAQ:YY) on Thursday, August 20 to “Hold” rating. Jefferies maintained it with “Hold” rating and $5600 target in Friday, June 16 report. The firm earned “Sector Weight” rating on Monday, August 17 by Pacific Crest. Jefferies initiated it with “Hold” rating and $45 target in Wednesday, February 8 report. As per Monday, August 14, the company rating was maintained by Jefferies. The company was initiated on Wednesday, August 31 by JP Morgan.

Among 15 analysts covering 58.com (NYSE:WUBA), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. 58.com had 24 analyst reports since August 21, 2015 according to SRatingsIntel. CLSA initiated the shares of WUBA in report on Thursday, October 15 with “Sell” rating. The firm earned “Hold” rating on Wednesday, December 14 by Deutsche Bank. The stock has “Neutral” rating by Brean Capital on Friday, November 11. On Wednesday, May 10 the stock rating was initiated by TH Capital with “Buy”. HSBC initiated 58.com Inc (ADR) (NYSE:WUBA) on Tuesday, December 15 with “Buy” rating. The firm has “Underweight” rating by Morgan Stanley given on Friday, June 30. The firm has “Sell” rating by Credit Agricole given on Thursday, October 15. The firm earned “Hold” rating on Tuesday, November 15 by HSBC. Deutsche Bank upgraded it to “Buy” rating and $70.0 target in Tuesday, August 22 report. As per Wednesday, January 11, the company rating was initiated by Bernstein. See 58.com Inc (ADR) (NYSE:WUBA) latest ratings:

22/08/2017 Broker: Deutsche Bank Rating: Buy New Target: $70.0 Upgrade
22/08/2017 Broker: each representing 2 Class A Ordinary Shares Rating: Hsbc
08/08/2017 Broker: Citigroup Rating: Buy Initiate
30/06/2017 Broker: each representing 2 Class A Ordinary Shares Rating: Morgan Stanley New Target: $40
30/06/2017 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Underweight Downgrade
30/05/2017 Broker: Bank of America Rating: Neutral Old Target: $46.00 New Target: $51.00 Target Up
26/05/2017 Broker: CLSA Old Rating: Underperform New Rating: Outperform Upgrade

The stock decreased 1.51% or $1.37 during the last trading session, reaching $89.23. About 52,093 shares traded. YY Inc (ADR) (NASDAQ:YY) has risen 20.20% since November 15, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.

YY Inc. is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The company has market cap of $5.59 billion. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. It has a 16.47 P/E ratio. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

The stock decreased 0.82% or $0.6 during the last trading session, reaching $72.39. About shares traded. 58.com Inc (ADR) (NYSE:WUBA) has declined 14.06% since November 15, 2016 and is downtrending. It has underperformed by 30.76% the S&P500.

58.com Inc. is a holding company. The Company’s business consists of its online classifieds and listing platforms. The company has market cap of $10.54 billion. The Company’s online classifieds and listings platforms enable local merchants and clients to connect, share information and conduct business in China. It has a 388.3 P/E ratio. These platforms include 58, Ganji and Anjuke. 58 and Ganji are online multi-content category-classified advertising platforms, while Anjuke is an online real estate listing platform.

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