TAL Education Group (ADR) (XRS) is Downgraded by Credit Agricole to Outperform

TAL Education Group (ADR) (XRS) was Downgraded by Credit Agricole to ” Outperform”. Earlier the firm had a rating of “Buy ” on the company shares. Credit Agricole advised their investors in a research report released on Apr 29, 2016.

On the company’s financial health, TAL Education Group (ADR) reported $0.23 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.23. The company had revenue of $175.00 million for the quarter, compared to analysts expectations of $168.53 million. The company’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

TAL Education Group (ADR) closed down -0.47 points or -0.83% at $56.39 with 3,89,712 shares getting traded on Wednesday. Post opening the session at $57.11, the shares hit an intraday low of $56.11 and an intraday high of $57.45 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in the PRC. The Company offer tutoring services to K-12 students covering core academic subjects including mathematics physics chemistry biology history geography political science English and Chinese among others as well as through its Mobby tutoring services young learners tutoring services for students aged two through eight. It delivers its tutoring services primarily through small classes (including Xueersi Peiyou and Mobby tutoring services) personalized premium services and online course offerings. Its educational network consists of approximately 289 learning centers and approximately 267 service centers in 19 cities throughout China.

TAL Education Group (ADR)

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