News headlines about 58.com (NYSE:WUBA) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 58.com earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the information services provider an impact score of 46.3488551340377 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
WUBA has been the topic of several analyst reports. Zacks Investment Research upgraded shares of 58.com from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Thursday, November 16th. BidaskClub downgraded shares of 58.com from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, TheStreet upgraded shares of 58.com from a “c+” rating to a “b-” rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $56.60.
58.com (WUBA) opened at $79.88 on Thursday. The firm has a market cap of $11,616.78, a P/E ratio of 107.15 and a beta of 2.15. 58.com has a 52-week low of $27.58 and a 52-week high of $87.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.05.
58.com (NYSE:WUBA) last announced its earnings results on Sunday, November 12th. The information services provider reported $0.36 EPS for the quarter. 58.com had a net margin of 7.93% and a return on equity of 4.08%. equities analysts expect that 58.com will post 1.03 EPS for the current year.
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58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.
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