Sina Rating Increased to Overweight at Barclays Capital (SINA)
Sina (NASDAQ: SINA) was upgraded by investment analysts at Barclays Capital (NYSE: BCS) from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday. The firm currently has a $72.00 target price on the stock.
Shares of Sina opened at 57.60 on Wednesday. Sina has a 52 week low of $46.86 and a 52 week high of $139.38. The company’s market cap is $3.812 billion.
Sina last announced its earnings results on Tuesday, May 15th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.02. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that Sina will post $0.18 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse (NYSE: CS) upgraded shares of Sina from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. Separately, analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Sina in a research note to investors on Monday, April 2nd. Finally, analysts at Maxim Group reiterated a “sell” rating on shares of Sina in a research note to investors on Monday, April 2nd. They now have a $51.00 price target on the stock.
SINA Corporation (SINA) is an online media company and MVAS provider in the People’s Republic of China (PRC) and the global Chinese communities.