Yandex NV (YNDX) is Upgraded by Goldman to Buy

Yandex NV (YNDX) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Apr 12, 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 $8.82 EPS for the quarter, missing the analyst consensus estimate by $ -3.15 based on the information available during the earnings call on Feb 16, 2016. Analyst had a consensus of $11.97. The company had revenue of $18094.00 million for the quarter, compared to analysts expectations of $17331.03 million. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $23.44 EPS.

Yandex NV opened for trading at $15.42 and hit $15.92 on the upside on Monday, eventually ending the session at $15.68, with a gain of 4.19% or 0.63 points. The heightened volatility saw the trading volume jump to 25,76,204 shares. Company has a market cap of $6,699 M.

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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