Price Change to Note: Yandex NV Has Another Very Strong Trading Session

Price Change to Note: Yandex NV Has Another Very Strong Trading Session

The stock of Yandex NV (NASDAQ:YNDX) is a huge mover today! About 1.01M shares traded hands. Yandex NV (NASDAQ:YNDX) has risen 4.60% since April 18, 2016 and is uptrending. It has outperformed by 0.17% the S&P500.
The move comes after 7 months positive chart setup for the $6.03 billion company. It was reported on Nov, 18 by Barchart.com. We have $29.19 PT which if reached, will make NASDAQ:YNDX worth $3.44 billion more.

Yandex NV (NASDAQ:YNDX) Ratings Coverage

Out of 6 analysts covering Yandex N.V. (NASDAQ:YNDX), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Yandex N.V. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained it with “Buy” rating and $16 target price in Tuesday, October 6 report. As per Friday, May 6, the company rating was downgraded by Citigroup. Goldman Sachs upgraded it to “Neutral” rating and $14.20 target price in Wednesday, September 16 report. On Tuesday, November 17 the stock rating was upgraded by Morgan Stanley to “Overweight”. The firm has “Buy” rating given on Monday, October 12 by Raiffeisen. On Monday, March 14 the stock rating was upgraded by Citigroup to “Buy”. Citigroup downgraded Yandex NV (NASDAQ:YNDX) on Friday, September 11 to “Neutral” rating. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 31. The firm earned “Hold” rating on Tuesday, August 4 by Zacks. The firm earned “Buy” rating on Monday, July 18 by HSBC.

According to Zacks Investment Research, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation.”

YNDX Company Profile

Yandex N.V. (Yandex), incorporated on June 1, 2004, is an Internet and technology company, and operates an Internet search engine. The Company’ s divisions include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach clients seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in approximately 10 cities across Russia and in Minsk, Belarus. The Firm also operates Experimental businesses, which includes media services (including KinoPoisk, Yandex.Music, Yandex.Radio, Yandex.Tickets and Yandex.Afisha), Yandex Data Factory, discovery services (including Yandex Zen and Yandex Launcher), and search and portal in Turkey.

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