Phoenix New Media (NYSE:FENG) Stock Rating Upgraded by Zacks Investment Research

Phoenix New Media (NYSE:FENG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Phoenix New Media Limited provides premium content on an integrated platform across Internet, mobile and TV channels in China. The Company provides global news coverage, investigative reports and in-depth analysis of events in compelling presentation formats. It enable consumers to access professional news and other quality content and share user-generated content, or UGC, on the Internet and through their mobile devices. Phoenix New Media Limited is a subsidiary of Phoenix Satellite Television (B.V.I.) Holding Limited and is based in Beijing, the Peoples’ Republic of China. “

Several other research analysts have also issued reports on FENG. ValuEngine lowered Phoenix New Media from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. TheStreet lowered Phoenix New Media from a “c-” rating to a “d” rating in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $9.05.

FENG remained flat at $$2.86 during midday trading on Wednesday. The company’s stock had a trading volume of 57,853 shares, compared to its average volume of 153,657. The stock’s 50 day simple moving average is $3.18. The company has a market capitalization of $210.51 million, a P/E ratio of -22.00 and a beta of 2.15. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.02. Phoenix New Media has a fifty-two week low of $2.66 and a fifty-two week high of $5.30.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.24). The business had revenue of $42.45 million for the quarter. Phoenix New Media had a negative net margin of 9.15% and a negative return on equity of 4.04%. Sell-side analysts expect that Phoenix New Media will post 0.09 EPS for the current year.

Several institutional investors have recently bought and sold shares of FENG. International Value Advisers LLC grew its stake in shares of Phoenix New Media by 26.7% in the 1st quarter. International Value Advisers LLC now owns 4,168,723 shares of the information services provider’s stock worth $17,550,000 after buying an additional 878,139 shares during the last quarter. FIL Ltd grew its stake in shares of Phoenix New Media by 6.3% in the 1st quarter. FIL Ltd now owns 1,738,091 shares of the information services provider’s stock worth $7,317,000 after buying an additional 103,531 shares during the last quarter. Millennium Management LLC grew its stake in shares of Phoenix New Media by 232.6% in the 4th quarter. Millennium Management LLC now owns 94,661 shares of the information services provider’s stock worth $303,000 after buying an additional 66,198 shares during the last quarter. Geode Capital Management LLC purchased a new stake in shares of Phoenix New Media in the 4th quarter worth approximately $137,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Phoenix New Media by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 254,498 shares of the information services provider’s stock worth $813,000 after buying an additional 3,813 shares during the last quarter. Institutional investors own 15.62% 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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