GSX Techedu (NYSE:GOTU) Downgraded by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell

GSX Techedu (NYSE:GOTU) was downgraded by research analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from a “neutral” rating to a “sell” rating in a note issued to investors on Friday, Price Targets.com reports.

A number of other analysts have also recently commented on GOTU. Nomura upgraded shares of GSX Techedu from a “reduce” rating to a “neutral” rating and lowered their price objective for the company from $48.00 to $29.50 in a research report on Monday, May 10th. The Goldman Sachs Group lowered GSX Techedu from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $60.00 to $20.00 in a research report on Wednesday, June 2nd.

NYSE GOTU traded down $1.49 during trading on Friday, reaching $14.65. 105,354 shares of the stock traded hands, compared to its average volume of 10,698,406. The stock has a market cap of $3.73 billion, a P/E ratio of -8.17 and a beta of -1.19. GSX Techedu has a fifty-two week low of $12.81 and a fifty-two week high of $149.05.

GSX Techedu Company Profile

GSX Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.

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