Qutoutiao (QTT) Coverage Initiated at KeyCorp

KeyCorp assumed coverage on shares of Qutoutiao (NASDAQ:QTT) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $11.00 price target on the stock. KeyCorp also issued estimates for Qutoutiao’s Q3 2018 earnings at ($0.12) EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.64) EPS, Q1 2019 earnings at ($0.23) EPS, Q2 2019 earnings at ($0.07) EPS, Q3 2019 earnings at ($0.01) EPS, Q4 2019 earnings at $0.06 EPS, FY2019 earnings at ($0.24) EPS, Q1 2020 earnings at ($0.21) EPS, Q2 2020 earnings at $0.11 EPS, Q3 2020 earnings at $0.21 EPS, FY2020 earnings at $0.43 EPS and FY2021 earnings at $1.28 EPS.

Shares of Qutoutiao stock opened at $7.20 on Tuesday. Qutoutiao has a 52-week low of $6.53 and a 52-week high of $20.39.

Qutoutiao Company Profile

Qutoutiao Inc develops an application for news in China. Qutoutiao Inc was formerly known as Qtech Ltd. and changed its name to Qutoutiao Inc in July 2018. The company was founded in 2016 and is based in Shanghai, China.

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