What’s in Phoenix New Media Limited (FENG) After Today’s Big Increase?

December 11, 2017 - By Nellie Frank

The stock of Phoenix New Media Limited (NYSE:FENG) is a huge mover today! The stock increased 5.02% or $0.32 during the last trading session, reaching $6.7. About 431,613 shares traded. Phoenix New Media Limited (NYSE:FENG) has declined 20.71% since December 11, 2016 and is downtrending. It has underperformed by 37.41% the S&P500.
The move comes after 6 months positive chart setup for the $479.27 million company. It was reported on Dec, 11 by Barchart.com. We have $6.97 PT which if reached, will make NYSE:FENG worth $19.17 million more.

Phoenix New Media Limited (NYSE:FENG) Ratings Coverage

Among 2 analysts covering Phoenix New Media Limited (NYSE:FENG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Phoenix New Media Limited had 2 analyst reports since November 11, 2015 according to SRatingsIntel. The rating was initiated by JP Morgan with “Overweight” on Wednesday, August 31. The company was downgraded on Wednesday, November 11 by Macquarie Research.

More notable recent Phoenix New Media Limited (NYSE:FENG) news were published by: Quotes.Wsj.com which released: “Phoenix New Media Ltd. Cl A ADR” on May 07, 2011, also Benzinga.com with their article: “34 Stocks Moving In Tuesday’s Pre-Market Session” published on November 14, 2017, Investorplace.com published: “Weibo Corp (ADR) (WB) Stock Is Down, But Not Out” on June 22, 2017. More interesting news about Phoenix New Media Limited (NYSE:FENG) were released by: Fool.com and their article: “Why Shares of Phoenix New Media Ltd. Rocketed Higher Today” published on August 16, 2017 as well as Benzinga.com‘s news article titled: “40 Biggest Movers From Yesterday” with publication date: November 22, 2017.

Phoenix New Media Limited provides content on an integrated platform across Internet, mobile, and TV channels in the PeopleÂ’s Republic of China. The company has market cap of $479.27 million. 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. It has a 50.38 P/E ratio. The company, through its Website, ifeng.com, provides approximately 40 Interest verticals, such as news, finance, automobiles, entertainment, fashion, military affairs, live broadcasting, we-media, sports, history, video, and PC digital reading; offers interactive services, including comments posting and user surveys; and operates third-party developed Web games on its game platform, play.ifeng.com.

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