DouYu International (NASDAQ:DOYU) Downgraded to “Hold” at Zacks Investment Research

DouYu International (NASDAQ:DOYU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “DouYu International Holdings Limited provides a game-centric live streaming platform primarily in China. The company operates its platform on both PC and mobile apps. DouYu International Holdings Limited is headquartered in Wuhan, China. “

Several other brokerages have also commented on DOYU. Citigroup assumed coverage on DouYu International in a research note on Monday, August 12th. They set a “buy” rating for the company. 86 Research upgraded DouYu International to a “buy” rating and set a $12.00 price target for the company in a research note on Tuesday, September 3rd. Bank of America assumed coverage on DouYu International in a research note on Monday, August 12th. They set a “buy” rating for the company. JPMorgan Chase & Co. assumed coverage on DouYu International in a research note on Tuesday, August 27th. They set an “overweight” rating for the company. Finally, HSBC assumed coverage on DouYu International in a research note on Monday, September 16th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. DouYu International presently has a consensus rating of “Buy” and an average price target of $10.75.

DouYu International stock traded down $0.35 during trading on Wednesday, hitting $7.12. The company’s stock had a trading volume of 3,134,088 shares, compared to its average volume of 2,011,814. The stock has a fifty day moving average price of $8.90. DouYu International has a 1-year low of $7.02 and a 1-year high of $11.88.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. The firm had revenue of $272.79 million for the quarter. As a group, equities research analysts forecast that DouYu International will post -0.04 EPS for the current fiscal year.

About DouYu International

DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

Featured Story: How to read a candlestick chart

Get a free copy of the Zacks research report on DouYu International (DOYU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for DouYu International (NASDAQ:DOYU)

Receive News & Ratings for DouYu International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DouYu International and related companies with MarketBeat.com's FREE daily email newsletter.