Phoenix New Media (NYSE:FENG) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Trading Down 9.3 %

Shares of FENG stock opened at $2.42 on Wednesday. The business has a 50-day moving average of $2.43 and a 200 day moving average of $2.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. Phoenix New Media has a 1-year low of $1.30 and a 1-year high of $4.15. The stock has a market capitalization of $29.27 million, a PE ratio of -4.94 and a beta of 0.71.

Phoenix New Media Company Profile

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.