Yandex NV (YNDX) is Downgraded by Citigroup to Neutral

Yandex NV (YNDX) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on May 6, 2016.

Many Wall Street Analysts have commented on Yandex NV. Yandex NV was Upgraded by Goldman to ” Buy” on Apr 12, 2016.

On the company’s financial health, Yandex NV reported $9.81 EPS for the quarter, beating the analyst consensus estimate by $ 3.44 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $6.37. The company had revenue of $16473.00 million for the quarter, compared to analysts expectations of $15271.68 million. The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.99 EPS.

Yandex NV closed down -0.21 points or -1.04% at $19.97 with 37,14,851 shares getting traded on Wednesday. Post opening the session at $19.97, the shares hit an intraday low of $19.74 and an intraday high of $20.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey Ukraine Belarus and Kazakhstan. The Company’s Russian businesses are organized in five operating segments: Russian Search and Portal which includes all services offered in Russia Belarus and Kazakhstan; Russian E-commerce which includes the Yandex.Market service; Media Services which includes Yandex.Music Yandex.TV program and Yandex.Kinoafisha; Taxi which includes the Yandex.Taxi service and Classified Aggregators which include Yandex.Auto Yandex.Realty and Yandex.Job. Additionally its international operations are organized in three operating segments: Turkish Search and Portal; Ukrainian Search and Portal and Data Factory (including the Yandex.Data Factory service). It offers a range of specialized search personalized and location-based services including Yandex.News Yandex.Market Yandex.Mail Yandex.Maps and Yandex.Auto.

Yandex NV

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