Phoenix New Media (NYSE:FENG) Downgraded by ValuEngine

ValuEngine cut shares of Phoenix New Media (NYSE:FENG) from a hold rating to a sell rating in a research note released on Monday morning, ValuEngine reports.

A number of other research analysts have also commented on FENG. TheStreet lowered Phoenix New Media from a c- rating to a d rating in a report on Thursday, June 13th. Zacks Investment Research raised Phoenix New Media from a sell rating to a hold rating in a report on Thursday, August 8th.

FENG opened at $2.98 on Monday. Phoenix New Media has a fifty-two week low of $2.56 and a fifty-two week high of $5.10. The business has a 50-day moving average of $2.97 and a 200-day moving average of $3.59. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.03.

Phoenix New Media (NYSE:FENG) last issued its quarterly earnings data on Monday, August 12th. The information services provider reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.20) by $1.06. The business had revenue of $57.55 million for the quarter. Phoenix New Media had a negative return on equity of 7.49% and a negative net margin of 17.65%. As a group, sell-side analysts anticipate that Phoenix New Media will post 0.09 EPS for the current fiscal year.

A hedge fund recently raised its stake in Phoenix New Media stock. FIL Ltd increased its stake in shares of Phoenix New Media Ltd (NYSE:FENG) by 6.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,738,091 shares of the information services provider’s stock after acquiring an additional 103,531 shares during the period. FIL Ltd owned 2.40% of Phoenix New Media worth $7,317,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.22% of the company’s stock.

About Phoenix New Media

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

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