Phoenix New Media (FENG) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of Phoenix New Media (NYSE:FENG) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Zacks has also given Phoenix New Media an industry rank of 102 out of 265 based on the ratings given to related companies.

Separately, ValuEngine downgraded Phoenix New Media from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd.

Shares of Phoenix New Media stock opened at $5.51 on Friday. Phoenix New Media has a 12 month low of $5.05 and a 12 month high of $5.70. The company has a market cap of $397.98 million, a P/E ratio of 555.00 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.19 and a quick ratio of 2.09.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings data on Monday, March 12th. The information services provider reported $0.02 earnings per share (EPS) for the quarter. Phoenix New Media had a return on equity of 0.34% and a net margin of 0.53%. The business had revenue of $70.98 million during the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in shares of Phoenix New Media in the 4th quarter valued at $6,721,000. Sylebra HK Co Ltd increased its holdings in shares of Phoenix New Media by 78.0% in the 4th quarter. Sylebra HK Co Ltd now owns 1,697,133 shares of the information services provider’s stock valued at $11,014,000 after acquiring an additional 743,516 shares during the period. Park West Asset Management LLC purchased a new position in shares of Phoenix New Media in the 1st quarter valued at $1,728,000. Bogle Investment Management L P DE purchased a new position in shares of Phoenix New Media in the 4th quarter valued at $2,333,000. Finally, BlackRock Inc. increased its holdings in shares of Phoenix New Media by 125.6% in the 4th quarter. BlackRock Inc. now owns 511,348 shares of the information services provider’s stock valued at $3,318,000 after acquiring an additional 284,672 shares during the period. Institutional investors own 16.26% of the company’s stock.

Phoenix New Media Company Profile

Phoenix New Media Limited provides content on an integrated platform across Internet, mobile, and TV channels in the People's Republic of China. It offers content and services through three channels, including ifeng.com channel, television channel, and mobile channel, as well as transmits content to TV viewers, primarily through Phoenix TV.

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