Morgan Stanley Issues an Upgrade on Netease (NTES) Shares. What’s Next?

Netease (NTES) Stock Upgrade

Morgan Stanley has raised shares of Netease (NTES) stock to a “Overweight” in analysts report revealed to clients and investors today. NTES’s past rating was only a “Equal-Weight”.

The stock increased 3.94% or $9.04 during the last trading session, reaching $238.47. About 1.13 million shares traded or 20.79% up from the average. NetEase, Inc. (NTES) has declined 29.39% since December 7, 2017 and is downtrending. It has underperformed by 45.01% the S&P500.

Analysts await NetEase, Inc. (NASDAQ:NTES) to report earnings on February, 6. They expect $2.36 earnings per share, up 58.39 % or $0.87 from last year’s $1.49 per share. NTES’s profit will be $309.94 million for 25.26 P/E if the $2.36 EPS becomes a reality. After $1.80 actual earnings per share reported by NetEase, Inc. for the previous quarter, Wall Street now forecasts 31.11 % EPS growth.

NetEase, Inc. operates an interactive online community in the People's Republic of China. The company has market cap of $31.32 billion. The firm operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others divisions. It has a 35.76 P/E ratio. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.

More notable recent NetEase, Inc. (NASDAQ:NTES) news were published by: Nasdaq.com which released: “The Hottest Tech and Chinese Stock Earnings Charts This Week – Nasdaq” on November 14, 2018, also Nasdaq.com with their article: “Technology Sector Update for 11/15/2018: RVLT, NTES, CSCO, MSFT, AAPL, IBM, GOOG – Nasdaq” published on November 15, 2018, Seekingalpha.com published: “NetEase +3.3% amid revenue growth in games, newer segments – Seeking Alpha” on November 14, 2018. More interesting news about NetEase, Inc. (NASDAQ:NTES) were released by: Nasdaq.com and their article: “Nasdaq 100 Movers: NTES, INTC – Nasdaq” published on October 02, 2018 as well as Seekingalpha.com‘s news article titled: “China E-Commerce Answers Beijing’s Import Call – Seeking Alpha” with publication date: November 07, 2018.

NetEase, Inc. (NASDAQ:NTES) Ratings Chart

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