DouYu International (NASDAQ:DOYU) Coverage Initiated by Analysts at HSBC

HSBC initiated coverage on shares of DouYu International (NASDAQ:DOYU) in a report published on Monday, The Fly reports. The brokerage issued a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of DouYu International in a research report on Tuesday, August 27th. They set an overweight rating on the stock. 86 Research upgraded shares of DouYu International to a buy rating and set a $12.00 price objective on the stock in a research report on Tuesday, September 3rd. Bank of America assumed coverage on shares of DouYu International in a research report on Monday, August 12th. They set a buy rating on the stock. Finally, Citigroup assumed coverage on shares of DouYu International in a research report on Monday, August 12th. They set a buy rating on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $12.00.

DouYu International stock opened at $9.16 on Monday. The company’s fifty day simple moving average is $9.06. DouYu International has a 52-week low of $7.77 and a 52-week high of $11.88.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.05. The business had revenue of $272.79 million for the quarter. As a group, equities analysts forecast that DouYu International will post -0.04 EPS for the current year.

DouYu International Company Profile

DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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