Qutoutiao (QTT) Upgraded to “Buy” by Deutsche Bank
Deutsche Bank upgraded shares of Qutoutiao (NASDAQ:QTT) from a hold rating to a buy rating in a report released on Wednesday, November 14th, Marketbeat reports. They currently have $8.00 target price on the stock, down from their prior target price of $8.30.
Several other research firms have also recently commented on QTT. Citigroup began coverage on shares of Qutoutiao in a research note on Thursday, October 18th. They set a neutral rating and a $8.40 target price for the company. KeyCorp assumed coverage on shares of Qutoutiao in a report on Tuesday, October 9th. They issued an overweight rating and a $11.00 price target on the stock.
NASDAQ QTT traded down $0.16 during trading on Wednesday, reaching $4.31. The company’s stock had a trading volume of 355,071 shares, compared to its average volume of 293,803. Qutoutiao has a 1-year low of $4.00 and a 1-year high of $20.39.
An institutional investor recently bought a new position in Qutoutiao stock. Citadel Advisors LLC purchased a new stake in Qutoutiao Inc – (NASDAQ:QTT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 65,418 shares of the company’s stock, valued at approximately $466,000. 0.14% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Story: What is the Dividend Aristocrat Index?
Receive News & Ratings for Qutoutiao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qutoutiao and related companies with MarketBeat.com's FREE daily email newsletter.