Shares of Phoenix New Media Limited (NYSE:FENG) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Zacks has also given Phoenix New Media Limited an industry rank of 192 out of 265 based on the ratings given to its competitors.
Several brokerages have issued reports on FENG. BidaskClub upgraded Phoenix New Media Limited from a “hold” rating to a “buy” rating in a report on Tuesday, September 19th. Macquarie upgraded Phoenix New Media Limited from a “neutral” rating to an “outperform” rating in a report on Tuesday.
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Shares of Phoenix New Media Limited (FENG) traded up $0.92 during trading on Wednesday, hitting $6.29. The company’s stock had a trading volume of 3,436,200 shares, compared to its average volume of 391,471. Phoenix New Media Limited has a 12 month low of $2.43 and a 12 month high of $6.87. The company has a market capitalization of $385.07, a P/E ratio of 41.31 and a beta of 1.13. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.01.
Phoenix New Media Limited (NYSE:FENG) last announced its quarterly earnings results on Monday, November 13th. The information services provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.09. Phoenix New Media Limited had a return on equity of 2.96% and a net margin of 4.32%. The company had revenue of $64.00 million during the quarter, compared to the consensus estimate of $61.20 million. During the same period in the prior year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year.
About Phoenix New Media Limited
Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.
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