YY (NASDAQ:YY) Is a Company that Instinet Seems to Like as Upgrade in Given

January 19, 2018 - By Adrian Mccoy

  YY (NASDAQ:YY) Is a Company that Instinet Seems to Like as Upgrade in Given

YY (NASDAQ:YY) Stock Upgrade

In a report revealed to investors and clients on Thursday, 18 January, Instinet boosted shares of YY (NASDAQ:YY) to a solid Buy rating from their previous Neutral rating.

YY Inc. (NASDAQ:YY) Ratings Coverage

Among 10 analysts covering YY Inc (NASDAQ:YY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. YY Inc has $140.0 highest and $45 lowest target. $91’s average target is -33.10% below currents $136.02 stock price. YY Inc had 19 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was upgraded by Nomura on Wednesday, January 17 to “Buy”. The firm earned “Hold” rating on Thursday, August 20 by Zacks. The company was initiated on Monday, October 31 by HSBC. The rating was maintained by Jefferies with “Hold” on Friday, June 16. The stock has “Overweight” rating by Piper Jaffray on Friday, August 14. On Wednesday, November 15 the stock rating was upgraded by Jefferies to “Buy”. The company was initiated on Monday, November 28 by Bank of America. The rating was upgraded by JP Morgan on Thursday, November 16 to “Overweight”. The firm has “Buy” rating given on Thursday, November 16 by J.P. Morgan. JP Morgan initiated YY Inc. (NASDAQ:YY) rating on Wednesday, August 31. JP Morgan has “Overweight” rating and $62 target.

The stock increased 0.80% or $1.08 during the last trading session, reaching $136.02. About 887,724 shares traded. YY Inc. (NASDAQ:YY) has risen 20.20% since January 19, 2017 and is uptrending. It has outperformed by 3.50% the S&P500.

YY Inc., through its subsidiaries, operates a live streaming platform in the People's Republic of China. The company has market cap of $8.58 billion. It engages users to interact in live online group activities through voice, text, and video, as well as to create and organize groups of various sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting, and e-learning. It has a 21.85 P/E ratio. The company's primary product is YY Client, which enables users to engage in live interactions online; and provides access to user-created online social activities groups.

More notable recent YY Inc. (NASDAQ:YY) news were published by: Thestreet.com which released: “YY Inc. (YY) Stock Slumping on Earnings Miss” on May 12, 2015, also Investorplace.com with their article: “3 Stocks to Watch on Wednesday: CarGurus Inc (CARG), MACOM Technology …” published on November 15, 2017, Seekingalpha.com published: “YY, Inc.: Plenty Of Whys To Buy” on November 16, 2017. More interesting news about YY Inc. (NASDAQ:YY) were released by: Marketwatch.com and their article: “YY Inc. ADR” published on November 21, 2012 as well as Seekingalpha.com‘s news article titled: “YY Inc.: A Chinese Juggernaut In The Making With Solid Technicals And Fundamentals” with publication date: September 22, 2016.

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