Shares of Phoenix New Media (NYSE:FENG) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Zacks has also given Phoenix New Media an industry rank of 102 out of 265 based on the ratings given to related companies.

Separately, ValuEngine lowered shares of Phoenix New Media from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd.

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in Phoenix New Media by 17.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,532,700 shares of the information services provider’s stock worth $9,947,000 after buying an additional 228,500 shares during the period. Virtu Financial LLC purchased a new stake in Phoenix New Media in the fourth quarter worth about $160,000. Bogle Investment Management L P DE purchased a new stake in Phoenix New Media in the fourth quarter worth about $2,333,000. Citadel Advisors LLC purchased a new stake in Phoenix New Media in the fourth quarter worth about $184,000. Finally, Sylebra HK Co Ltd lifted its holdings in Phoenix New Media by 78.0% in the fourth quarter. Sylebra HK Co Ltd now owns 1,697,133 shares of the information services provider’s stock worth $11,014,000 after buying an additional 743,516 shares during the period. Institutional investors and hedge funds own 16.26% of the company’s stock.

Phoenix New Media opened at $5.51 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 2.09, a current ratio of 2.19 and a debt-to-equity ratio of 0.01. The stock has a market cap of $397.98 million, a PE ratio of 555.00 and a beta of 1.52. Phoenix New Media has a 1-year low of $5.05 and a 1-year high of $5.70.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Monday, March 12th. The information services provider reported $0.02 earnings per share for the quarter. The company had revenue of $70.98 million during the quarter. Phoenix New Media had a net margin of 0.53% and a return on equity of 0.34%.

About Phoenix New Media

Phoenix New Media Limited provides content on an integrated platform across Internet, mobile, and TV channels in the People's Republic of China. It offers content and services through three channels, including ifeng.com channel, television channel, and mobile channel, as well as transmits content to TV viewers, primarily through Phoenix TV.

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