NQ Mobile (NYSE:NQ) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Monday, AnalystRatingsNetwork.com reports. They currently have a $12.00 price target on the stock. Zacks‘ price target indicates a potential downside of 5.21% from the company’s current price.
Shares of NQ Mobile (NYSE:NQ) traded up 4.50% during mid-day trading on Monday, hitting $13.23. 3,855,977 shares of the company’s stock traded hands. NQ Mobile has a 52-week low of $5.07 and a 52-week high of $25.90. The stock’s 50-day moving average is $17.11 and its 200-day moving average is $14.00. The company has a market cap of $752.9 million and a P/E ratio of 95.19.
NQ Mobile (NYSE:NQ) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $54.20 million for the quarter, compared to the consensus estimate of $51.20 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 110.1% on a year-over-year basis. Analysts expect that NQ Mobile will post $1.05 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of NQ Mobile in a research note to investors on Monday, October 28th. They now have a $26.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of NQ Mobile in a research note to investors on Friday, October 25th. Finally, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of NQ Mobile in a research note to investors on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. NQ Mobile has a consensus rating of “Hold” and a consensus target price of $19.00.
NQ Mobile Inc (NYSE:NQ), formerly NetQin Mobile Inc, is a holding company.
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