Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENGGet Rating) in a report issued on Friday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Stock Down 11.4 %

Shares of NYSE:FENG opened at $2.49 on Friday. The stock has a 50 day moving average of $4.54 and a 200 day moving average of $4.50. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 12-month low of $2.10 and a 12-month high of $6.84.

Phoenix New Media Company Profile

(Get Rating)

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

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