J.P. Morgan Seems to Have Lost Some Faith In YY Inc (NASDAQ:YY), Downgrades Stocks

YY Inc (NASDAQ:YY) Receives a Downgrade

J.P. Morgan has downgraded their stock rating for shares of YY Inc (NASDAQ:YY) to a “Hold” in a research report shared with investors and clients on 27 November, and has just set a 12 month PT at $70.0000. This target is 2.84 % from YY’s current share price.

YY Inc. (NASDAQ:YY) Ratings Coverage

Among 4 analysts covering YY (NASDAQ:YY), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. YY has $155 highest and $7000 lowest target. $131.75’s average target is 93.55% above currents $68.07 stock price. YY had 5 analyst reports since June 7, 2018 according to SRatingsIntel. The stock of YY Inc. (NASDAQ:YY) earned “Overweight” rating by JP Morgan on Thursday, June 7. On Thursday, June 7 the stock rating was maintained by Nomura with “Buy”. The stock of YY Inc. (NASDAQ:YY) has “Buy” rating given on Friday, June 8 by UBS. The stock of YY Inc. (NASDAQ:YY) has “Hold” rating given on Tuesday, November 27 by J.P. Morgan. The stock of YY Inc. (NASDAQ:YY) has “Neutral” rating given on Wednesday, November 28 by JP Morgan.

The stock increased 3.61% or $2.37 during the last trading session, reaching $68.07. About 921,751 shares traded. YY Inc. (NASDAQ:YY) has declined 9.39% since December 2, 2017 and is downtrending. It has underperformed by 25.01% the S&P500.

YY Inc., through its subsidiaries, operates a live streaming platform in the People's Republic of China. The company has market cap of $4.32 billion. It engages users to interact in live online group activities through voice, text, and video, as well as to create and organize groups of various sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting, and e-learning. It has a 16.85 P/E ratio. The company's primary product is YY Client, which enables users to engage in live interactions online; and provides access to user-created online social activities groups.

More notable recent YY Inc. (NASDAQ:YY) news were published by: Seekingalpha.com which released: “Hidden In Plain Sight, YY Is Still Cheap – Seeking Alpha” on November 17, 2018, also Nasdaq.com with their article: “Encana (ECA) Q3 Earnings & Sales Top Estimates, Grow Y/Y – Nasdaq” published on November 13, 2018, Nasdaq.com published: “Lincoln National’s (LNC) Q3 Earnings Surpass, Increase Y/Y – Nasdaq” on November 02, 2018. More interesting news about YY Inc. (NASDAQ:YY) were released by: Nasdaq.com and their article: “ProAssurance (PRA) Q3 Earnings Beat Estimates, Decrease Y/Y – Nasdaq” published on November 08, 2018 as well as Nasdaq.com‘s news article titled: “TEGNA’s (TGNA) Q3 Earnings, Revenues Beat Estimates, Up Y/Y – Nasdaq” with publication date: November 12, 2018.

YY Inc. (NASDAQ:YY) Ratings Chart

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