Media stories about YY (NASDAQ:YY) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. YY earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 46.5040034101512 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Chinese Government Data Reveal The Fuel Propelling Internet Stocks (finance.yahoo.com)
- Trending Hot Stock’s Analysis: YY Inc (NASDAQ: YY) – Alpha Beta Stock (alphabetastock.com)
- Why To Buy YY – Seeking Alpha (seekingalpha.com)
- More Market Records Amid Relentless Uptrend (realmoneypro.thestreet.com)
- YY Inc. (YY) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut YY from a “strong-buy” rating to a “hold” rating in a report on Tuesday. HSBC Holdings plc reaffirmed a “buy” rating and issued a $89.00 price target (up previously from $65.00) on shares of YY in a report on Friday, August 11th. ValuEngine cut YY from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $79.00 price target on shares of YY in a report on Wednesday, August 16th. Finally, Vetr cut YY from a “hold” rating to a “sell” rating and set a $90.35 price target for the company. in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $74.58.
YY (YY) opened at 93.12 on Friday. The firm’s 50 day moving average price is $84.31 and its 200 day moving average price is $66.01. YY has a one year low of $37.81 and a one year high of $94.05. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 17.15 and a beta of 1.18.
YY (NASDAQ:YY) last issued its earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.19. The business had revenue of $384.85 million for the quarter, compared to analyst estimates of $366.35 million. YY had a net margin of 22.08% and a return on equity of 39.07%. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 EPS. Equities analysts forecast that YY will post $6.15 earnings per share for the current year.
YY Company Profile
YY Inc (YY) 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’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. 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.
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