Qutoutiao (QTT) Coverage Initiated at Citigroup
Research analysts at Citigroup started coverage on shares of Qutoutiao (NASDAQ:QTT) in a report issued on Thursday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $8.40 price target on the stock. Citigroup’s target price indicates a potential upside of 15.54% from the company’s previous close.
A number of other analysts have also recently issued reports on QTT. KeyCorp initiated coverage on Qutoutiao in a report on Tuesday, October 9th. They set an “overweight” rating and a $11.00 target price for the company. Deutsche Bank initiated coverage on Qutoutiao in a report on Thursday, October 11th. They set a “hold” rating and a $8.00 target price for the company.
Shares of NASDAQ:QTT opened at $7.27 on Thursday. Qutoutiao has a 1 year low of $6.53 and a 1 year high of $20.39.
Qutoutiao Inc develops an application for news in China. Qutoutiao Inc was formerly known as Qtech Ltd. and changed its name to Qutoutiao Inc in July 2018. The company was founded in 2016 and is based in Shanghai, China.
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