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

February 21, 2018 - By Henry Gaston

The stock of Phoenix New Media Limited (NYSE:FENG) is a huge mover today! The stock increased 10.21% or $0.5399 during the last trading session, reaching $5.8299. About 339,918 shares traded. Phoenix New Media Limited (NYSE:FENG) has declined 20.71% since February 21, 2017 and is downtrending. It has underperformed by 37.41% the S&P500.
The move comes after 5 months positive chart setup for the $417.03 million company. It was reported on Feb, 21 by Barchart.com. We have $6.00 PT which if reached, will make NYSE:FENG worth $12.51 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 stock of Phoenix New Media Limited (NYSE:FENG) has “Overweight” rating given on Wednesday, August 31 by JP Morgan. The rating was downgraded by Macquarie Research to “Neutral” on Wednesday, November 11.

More notable recent Phoenix New Media Limited (NYSE:FENG) news were published by: Fool.com which released: “Why Shares of Phoenix New Media Ltd. Rocketed Higher Today” on August 16, 2017, also Benzinga.com with their article: “JPMorgan Releases A Barrage Of Coverage On Chinese Internet Stocks” published on August 31, 2016, Benzinga.com published: “22 Stocks Moving In Tuesday’s Pre-Market Session” on January 02, 2018. More interesting news about Phoenix New Media Limited (NYSE:FENG) were released by: Benzinga.com and their article: “Earnings Scheduled For August 15, 2017” published on August 15, 2017 as well as Fool.com‘s news article titled: “Why Phoenix New Media Ltd. ADR Jumped on Tuesday” with publication date: November 14, 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 $417.03 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 41.94 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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