TheStreet Downgrades Phoenix New Media (NYSE:FENG) to D

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TheStreet lowered shares of Phoenix New Media (NYSE:FENG) from a c- rating to a d rating in a research note published on Thursday, TheStreetRatingsTable reports.

Separately, ValuEngine upgraded Phoenix New Media from a hold rating to a buy rating in a research note on Monday, February 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Phoenix New Media has an average rating of Buy and a consensus target price of $9.05.

NYSE:FENG opened at $3.56 on Thursday. Phoenix New Media has a fifty-two week low of $2.83 and a fifty-two week high of $5.47. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.02. The stock has a market cap of $257.53 million, a PE ratio of -27.38 and a beta of 2.39.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings data on Monday, May 13th. The information services provider reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.24). Phoenix New Media had a negative net margin of 9.15% and a negative return on equity of 4.04%. The business had revenue of $42.45 million for the quarter. As a group, equities analysts expect that Phoenix New Media will post 0.1 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in 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 valued at $813,000 after acquiring an additional 3,813 shares in the last quarter. Geode Capital Management LLC bought a new stake in Phoenix New Media in the 4th quarter valued at approximately $137,000. Millennium Management LLC lifted its stake in 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 valued at $303,000 after acquiring an additional 66,198 shares in the last quarter. FIL Ltd lifted its stake in 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 valued at $7,317,000 after acquiring an additional 103,531 shares in the last quarter. Finally, International Value Advisers LLC lifted its stake in 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 valued at $17,550,000 after acquiring an additional 878,139 shares in the last quarter. Hedge funds and other institutional investors own 15.62% of the company’s stock.

Phoenix New Media Company Profile

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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