UBS Group Downgrades Qutoutiao (QTT) to Neutral
Qutoutiao (NASDAQ:QTT) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Friday, www.briefing.com reports.
A number of other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Qutoutiao from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Deutsche Bank upgraded shares of Qutoutiao from a “hold” rating to a “buy” rating and reduced their price objective for the company from $8.30 to $8.00 in a research note on Wednesday, November 14th. Finally, Citigroup assumed coverage on shares of Qutoutiao in a research note on Thursday, October 18th. They set a “neutral” rating and a $8.40 price objective for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.13.
NASDAQ:QTT opened at $12.87 on Friday. Qutoutiao has a fifty-two week low of $4.00 and a fifty-two week high of $20.39.
Qutoutiao Company Profile
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.
Further Reading: 52-Week High/Low Prices For Stock Selection
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