Initiates Coverage on Phoenix New Media (NYSE:FENG)

Equities research analysts at started coverage on shares of Phoenix New Media (NYSE:FENGGet Free Report) in a note issued to investors on Friday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

Shares of Phoenix New Media stock opened at $2.50 on Friday. The company has a 50 day moving average of $2.05 and a 200-day moving average of $1.67. Phoenix New Media has a 1-year low of $1.10 and a 1-year high of $3.30. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. The company has a market cap of $30.23 million, a PE ratio of -3.09 and a beta of 0.70.

Phoenix New Media (NYSE:FENGGet Free Report) last issued its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.30) earnings per share for the quarter. Phoenix New Media had a negative return on equity of 6.12% and a negative net margin of 10.17%. The firm had revenue of $21.19 million for the quarter.

Phoenix New Media Company Profile

(Get Free Report)

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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