Rating Action: YY (YY) Is A Stock BofA Merrill Is Interested In

November 28, 2016 - By Richard Conner

Rating Action: YY (YY) Is A Stock BofA Merrill Is Interested In

Why BofA Merrill Gives YY (YY) $60.0 Price Target

Analysts at BofA Merrill initiated coverage on shares of YY (YY) in a a research note published on 28 November. The firm set a “Buy” rating on the $1.63B market cap company.

YY Inc (ADR) (NASDAQ:YY) Ratings Coverage

Out of 3 analysts covering YY (YY), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $64.0 is the highest target while $62.0 is the lowest. The $63 average target is 40.81% above today’s ($44.74) stock price. YY has been the topic of 3 analyst reports since August 31, 2016 according to StockzIntelligence Inc. HSBC initiated YY Inc (ADR) (NASDAQ:YY) on Monday, October 31 with “Buy” rating. The stock has “Outperform” rating given by Credit Suisse on Wednesday, September 14. The firm earned “Overweight” rating on Wednesday, August 31 by JP Morgan.

About 565,349 shares traded hands. YY Inc (ADR) (YY) has declined 26.22% since April 25, 2016 and is downtrending. It has underperformed by 32.24% the S&P500.

Analysts await YY Inc (ADR) (NASDAQ:YY) to report earnings on March, 20.

YY Inc. is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The company has a market cap of $1.63 billion. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. It has a 13.96 P/E ratio. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

According to Zacks Investment Research, “YY Inc. is a communication social platform, which engages users in online group activities through voice, text and video. The Company’s Platform consists of YY Client, the YY.com and Duowan.com web portals, Mobile YY and Web-based YY. YY Inc. is based in Guangzhou, the People’s Republic of China.”

YY Company Profile

YY Inc. (YY), incorporated on July 22, 2011, is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. The Firm owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company’s YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan.

Another recent and important YY Inc (ADR) (NASDAQ:YY) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on November 21, 2012.

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