KeyCorp began coverage on shares of CooTek (Cayman) (NYSE:CTK) in a report issued on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $15.00 target price on the stock. KeyCorp also issued estimates for CooTek (Cayman)’s Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.17 EPS, Q1 2019 earnings at $0.08 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $0.98 EPS, Q1 2020 earnings at $0.31 EPS, Q2 2020 earnings at $0.43 EPS, Q3 2020 earnings at $0.56 EPS and FY2020 earnings at $1.99 EPS.
Separately, Bank of America initiated coverage on CooTek (Cayman) in a research note on Tuesday. They issued a buy rating and a $19.00 price target on the stock.
Shares of CTK traded down $0.12 during midday trading on Tuesday, hitting $7.08. The stock had a trading volume of 816 shares, compared to its average volume of 131,411. CooTek has a twelve month low of $6.72 and a twelve month high of $11.58.
CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.
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