Macquarie Downgrades Changyou.Com Ltd (ADR) to Underperform

Brokerage firm Macquarie Downgrades its rating on Changyou.Com Ltd (ADR)(NASDAQ:CYOU). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by Macquarie was issued on Jul 26, 2016.

Changyou.Com Ltd (ADR) (CYOU) shares turned negative on Fridays trading session with the shares closing down -0.19 points or -0.95% at a volume of 1,09,975. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.47. The peak price level was also seen at $20.47 while the days lowest was $19.65. Finally the shares closed at $19.75. The 52-week high of the shares is $25.8299 while the 52-week low is $15.21. According to the latest information available, the market cap of the company is $1,030 M.

Changyou.Com Ltd (ADR)(CYOU) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $129.84M. Analysts had an estimated revenue of $129.55M. Earnings per share were $0.58. Analysts had estimated an EPS of $0.58. Limited is an online game developer and operator. The company is engaged in the development operation and licensing of online games for personal computers (PCs) and mobile devices. This includes massively multiplayer online games (MMOGs) which are interactive online games that may be played simultaneously by hundreds of thousands of game players; mobile games which are played on mobile devices and require an Internet connection and Web games which are played over the Internet using a Web browser. The Company also owns and operates Web properties and software applications for PCs and mobile devices including the Website Website RaidCall and Dolphin Browser. The Company’s games in operation include: Tian Long Ba Bu Blade Online series Fantasy Frontier Online Echo of Soul DDTank Wartune Tian Long Ba Bu 3D and Qin Shi Ming Yue 2.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Changyou.Com Ltd (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Changyou.Com Ltd (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.