Phoenix New Media Limited (NYSE:FENG) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Phoenix New Media Limited (NYSE FENG) opened at 5.80 on Tuesday. The stock has a market cap of $446.77 million, a PE ratio of 43.28 and a beta of 1.01. Phoenix New Media Limited has a 12 month low of $2.43 and a 12 month high of $5.98. The stock has a 50 day moving average price of $4.03 and a 200-day moving average price of $3.39.

Phoenix New Media Limited (NYSE:FENG) last announced its quarterly earnings results on Tuesday, August 15th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. The company had revenue of $58.00 million during the quarter, compared to the consensus estimate of $54.49 million. Phoenix New Media Limited had a net margin of 4.39% and a return on equity of 3.00%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. On average, analysts expect that Phoenix New Media Limited will post ($0.05) EPS for the current year.

WARNING: This report was posted by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/09/19/phoenix-new-media-limited-feng-rating-increased-to-buy-at-bidaskclub.html.

Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in shares of Phoenix New Media Limited by 48.2% in the 1st quarter. Russell Investments Group Ltd. now owns 53,272 shares of the information services provider’s stock worth $185,000 after acquiring an additional 17,325 shares during the last quarter. State Street Corp increased its stake in Phoenix New Media Limited by 18.7% in the 2nd quarter. State Street Corp now owns 104,261 shares of the information services provider’s stock valued at $274,000 after buying an additional 16,457 shares during the last quarter. GAM Holding AG purchased a new stake in Phoenix New Media Limited in the 2nd quarter valued at about $395,000. Dimensional Fund Advisors LP increased its stake in Phoenix New Media Limited by 52.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 184,695 shares of the information services provider’s stock valued at $486,000 after buying an additional 63,378 shares during the last quarter. Finally, Hermes Investment Management Ltd. increased its stake in Phoenix New Media Limited by 28.9% in the 2nd quarter. Hermes Investment Management Ltd. now owns 714,652 shares of the information services provider’s stock valued at $1,880,000 after buying an additional 160,199 shares during the last quarter. 12.29% of the stock is currently owned by institutional investors.

About Phoenix New Media Limited

Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.

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