China Distance Education Hldgs Ltd (ADR) (DL) is Upgraded by Credit Suisse to Neutral

China Distance Education Hldgs Ltd (ADR) (DL) was Upgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. Credit Suisse advised their investors in a research report released on Sep 2, 2016.

On the company’s financial health, China Distance Education Hldgs Ltd (ADR) reported $0.087 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 24, 2016. Analyst had a consensus of $0.08. The company had revenue of $24.10 million for the quarter, compared to analysts expectations of $24.56 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.049 EPS.

China Distance Education Hldgs Ltd (ADR) closed down -0.38 points or -3.36% at $10.94 with 39,739 shares getting traded on Thursday. Post opening the session at $11.19, the shares hit an intraday low of $10.94 and an intraday high of $11.35 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

China Distance Education Holdings Limited (CDEL) is a provider of online education focusing on professional education helping professionals who aim to obtain professional licenses satisfy continuing education requirements to maintain their licenses and improve their practical job skills through its professional development courses. For the year ended September 30 2013 the Company had course enrollments of over 2.7 million. As of September 30 2013 the Company had 24 million cumulative registered users.

China Distance Education Hldgs Ltd (ADR)

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