YY (YY) Earning Somewhat Positive Press Coverage, Accern Reports
Media stories about YY (NASDAQ:YY) have been trending somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. YY earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 45.597191495929 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
- YY Inc. (YY) Lowered to Buy at ValuEngine (americanbankingnews.com)
- Bank of America Corporation Boosts YY Inc. (YY) Price Target to $101.00 (americanbankingnews.com)
- YY Inc. (YY) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- YY Inc. (YY)- Stocks Shining Bright on Wall Street – NASDAQ Times (nasdaqtimes.com)
- Stocks Close Mixed; How The Nasdaq’s Big Test Is Faring (investors.com)
Shares of YY (NASDAQ YY) opened at 90.13 on Tuesday. YY has a 1-year low of $37.81 and a 1-year high of $90.66.
YY (NASDAQ:YY) last posted its earnings results on Thursday, August 10th. The information services provider reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.19. The company had revenue of $384.85 million during the quarter, compared to analyst estimates of $366.35 million. YY had a return on equity of 39.07% and a net margin of 22.08%. The business’s revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. Analysts expect that YY will post $6.15 EPS for the current year.
A number of research firms recently issued reports on YY. Bank of America Corporation raised their price target on YY from $89.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday. ValuEngine cut YY from a “strong-buy” rating to a “buy” rating in a research note on Monday. HSBC Holdings plc reiterated a “buy” rating and issued a $89.00 price objective (up previously from $65.00) on shares of YY in a research note on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and issued a $79.00 price objective on shares of YY in a report on Wednesday, August 16th. Finally, Vetr downgraded YY from a “buy” rating to a “hold” rating and set a $82.17 price objective for the company. in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. YY has an average rating of “Buy” and a consensus price target of $74.25.
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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