Morgan Stanley assumed coverage on shares of Bitauto (NYSE:BITA) in a report released on Wednesday, Marketbeat.com reports. The firm issued an overweight rating on the information services provider’s stock.
A number of other research firms also recently weighed in on BITA. Zacks Investment Research upgraded Bitauto from a sell rating to a hold rating in a report on Thursday, September 28th. BidaskClub downgraded Bitauto from a strong-buy rating to a buy rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $44.50.
Shares of Bitauto (NYSE BITA) opened at $29.77 on Wednesday. Bitauto has a 1-year low of $16.76 and a 1-year high of $54.42.
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Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.
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