Shares of YY Inc (NASDAQ:YY) shot up 5.4% on Thursday . The company traded as high as $127.00 and last traded at $119.50. 4,724,109 shares traded hands during mid-day trading, an increase of 205% from the average session volume of 1,550,790 shares. The stock had previously closed at $126.33.
A number of research firms have recently weighed in on YY. Vetr upgraded shares of YY from a “buy” rating to a “strong-buy” rating and set a $147.88 target price on the stock in a report on Tuesday. Jefferies Group boosted their target price on shares of YY from $158.00 to $164.00 and gave the stock a “buy” rating in a report on Tuesday. Benchmark boosted their target price on shares of YY from $127.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday. ValuEngine upgraded shares of YY from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Citigroup began coverage on shares of YY in a report on Tuesday, February 20th. They issued a “buy” rating and a $150.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. YY has a consensus rating of “Buy” and an average target price of $118.19.
The stock has a market cap of $7,560.00, a price-to-earnings ratio of 18.21, a P/E/G ratio of 0.74 and a beta of 1.38.
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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