Yandex N.V. (YNDX) : Analyst Rating Update

Yandex N.V. (YNDX) : 6 analysts are covering Yandex N.V. (YNDX) and their average rating on the stock is 1.08, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Yandex N.V. (YNDX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels.

Yandex N.V. (YNDX) : Currently there are 5 street experts covering Yandex N.V. (YNDX) stock. The most bullish and bearish price target for the stock is $30 and $16 respectively for the short term. The average price target of all the analysts comes to $22.6. The estimated standard deviation from the target is $5.98.

Yandex N.V. (NASDAQ:YNDX): The stock opened at $21.37 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.57 for the day. The stock traded down to $20.86 during the day, due to lack of any buying support eventually closed down at $21.56 with a loss of -0.42% for the day. The stock had closed at $21.65 on the previous day. The total traded volume was 1,777,861 shares.

Also, Brokerage firm Citigroup downgrades its rating on Yandex N.V. (NASDAQ:YNDX). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 6, 2016. The company shares have rallied 49.62% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $23.20 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $20.93 and the 200 Day Moving Average price is recorded at $16.65.

Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey, Ukraine, Belarus and Kazakhstan. The Companys Russian businesses are organized in five operating segments: Russian Search and Portal, which includes all services offered in Russia, Belarus and Kazakhstan; Russian E-commerce, which includes the Yandex.Market service; Media Services, which includes Yandex.Music,, Yandex.TV program and Yandex.Kinoafisha; Taxi, which includes the Yandex.Taxi service, and Classified Aggregators, which include Yandex.Auto,, Yandex.Realty and Yandex.Job. Additionally, its international operations are organized in three operating segments: Turkish Search and Portal; Ukrainian Search and Portal, and Data Factory (including the Yandex.Data Factory service). It offers a range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail, Yandex.Maps and Yandex.Auto.

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