YY Inc (ADR) (YY) is Initiated by JP Morgan to Overweight, Price Target at $62

YY Inc (ADR) (YY) was Initiated by JP Morgan to “Overweight” and the brokerage firm has set the Price Target at $62. JP Morgan advised their investors in a research report released on Aug 31, 2016.

On the company’s financial health, YY Inc (ADR) reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Nov 23, 2015. Analyst had a consensus of $0.82. The company had revenue of $234.40 million for the quarter, compared to analysts expectations of $223.23 million. During the same quarter in the previous year, the company posted $0.87 EPS.

YY Inc (ADR) closed down -0.17 points or -0.36% at $47.54 with 10,40,652 shares getting traded on Monday. Post opening the session at $47.73, the shares hit an intraday low of $47.03 and an intraday high of $48.78 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. 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. YY offers users an entertainment experience through its social community. The Company owns the domain names of YY.com Duowan.com 100.com Huya.com and Edu24oL.com. The Company’s YY platform including YY.com is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan. The Company’s product YY Client enables users to engage in live interactions online. YY Client provides access to user-created online social activities groups. Its Mobile YY is its mobile application that primarily provides users access to its music and entertainment content. Duowan.com provides gaming resources.

YY Inc (ADR)

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