Somewhat Favorable Media Coverage Somewhat Unlikely to Impact NetEase (NTES) Share Price

Media coverage about NetEase (NASDAQ:NTES) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NetEase earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.191849129282 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s rankings:

NetEase (NASDAQ:NTES) opened at $312.86 on Friday. The stock has a market capitalization of $41,503.49, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.33 and a beta of 0.91. NetEase has a twelve month low of $211.11 and a twelve month high of $337.55.

Several brokerages have issued reports on NTES. Vetr lowered NetEase from a “strong-buy” rating to a “buy” rating and set a $313.68 target price for the company. in a research note on Monday. UBS AG lowered NetEase from a “buy” rating to a “neutral” rating in a research note on Monday, October 30th. Zacks Investment Research raised NetEase from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank AG set a $325.00 target price on NetEase and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Barclays PLC began coverage on NetEase in a research note on Wednesday, October 4th. They issued an “equal weight” rating and a $260.00 target price for the company. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. NetEase presently has an average rating of “Hold” and a consensus price target of $298.33.

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About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

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