NetEase Inc (ADR) (NTES) was Upgraded by CLSA to ” Outperform”. Earlier the firm had a rating of “Underperform ” on the company shares. CLSA advised their investors in a research report released on Oct 3, 2016.
Many Wall Street Analysts have commented on NetEase Inc (ADR). NetEase Inc (ADR) was Upgraded by CLSA to ” Outperform” on Oct 3, 2016. NetEase Inc (ADR) was Initiated by Jefferies to “Hold” on Sep 29, 2016. Company shares were Downgraded by Credit Suisse on Aug 19, 2016 to ” Neutral”, Firm has raised the Price Target to $ 230 from a previous price target of $200 .
On the company’s financial health, NetEase Inc (ADR) reported $2.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Nov 11, 2015. Analyst had a consensus of $2.12. The company had revenue of $1049.75 million for the quarter, compared to analysts expectations of $876.46 million. The company’s revenue was up 114.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.
NetEase Inc (ADR) closed down -1.28 points or -0.53% at $240.78 with 7,69,299 shares getting traded on Friday. Post opening the session at $243.47, the shares hit an intraday low of $238.02 and an intraday high of $243.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
NetEase Inc. (NetEase) is a holding company. The Company through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co. Ltd. Beijing Guangyitong Advertising Co. Ltd. Shanghai EaseNet Network Technology Co. Ltd. and certain other affiliated companies operates an interactive online community in China and is a provider of Chinese language content and services through its online games Internet portal e-mail e-commerce and other businesses. The Company operates in three segments: Online Game Services Advertising Services and E-mail E-commerce and Others. The Company conducts its business mainly in China.