Daiwa Capital Upgrades NetEase Inc (ADR) to Buy

Brokerage firm Daiwa Capital Upgrades its rating on NetEase Inc (ADR)(NASDAQ:NTES). The shares have been rated Buy. Previously, the analysts had a Outperform rating on the shares. The rating by Daiwa Capital was issued on Sep 21, 2016.

In a different note, On Aug 19, 2016, Credit Suisse said it Assumes its rating on NetEase Inc (ADR). The shares have been rated ‘Neutral’ by the firm. Brean Capital said it Initiates Coverage on NetEase Inc (ADR), according to a research note issued on Jul 18, 2016. The shares have been rated ‘Buy’ by the firm.

NetEase Inc (ADR) (NTES) shares turned negative on Tuesdays trading session with the shares closing down -4.85 points or -1.95% at a volume of 14,88,786. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $252.97. The peak price level was also seen at $252.97 while the days lowest was $241.1. Finally the shares closed at $244.14. The 52-week high of the shares is $252.97 while the 52-week low is $110.65. According to the latest information available, the market cap of the company is $32,099 M.

NetEase Inc (ADR)(NTES) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.35B. Analysts had an estimated revenue of $1.25B. Earnings per share were $3.67. Analysts had estimated an EPS of $2.64.

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.

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