VTB Capital upgraded shares of Yandex (NASDAQ:YNDX) from a hold rating to a buy rating in a report released on Tuesday, The Fly reports.

A number of other brokerages have also weighed in on YNDX. Zacks Investment Research upgraded Yandex from a sell rating to a hold rating in a research note on Saturday, April 13th. ValuEngine upgraded Yandex from a hold rating to a buy rating in a research note on Saturday, April 13th. Renaissance Capital upgraded Yandex from a hold rating to a buy rating in a research note on Tuesday. HSBC set a $44.00 price objective on Yandex and gave the company a buy rating in a research note on Tuesday, April 23rd. Finally, BidaskClub lowered Yandex from a strong-buy rating to a buy rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. Yandex presently has a consensus rating of Buy and a consensus price target of $43.40.

Shares of NASDAQ YNDX opened at $38.32 on Tuesday. Yandex has a fifty-two week low of $24.90 and a fifty-two week high of $39.70. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.05. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 40.34 and a beta of 2.03.

Yandex (NASDAQ:YNDX) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $16.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $16.12. Yandex had a return on equity of 11.81% and a net margin of 36.20%. The firm had revenue of $37.28 billion during the quarter, compared to analyst estimates of $36.03 billion. During the same quarter last year, the firm earned $11.96 EPS. Yandex’s quarterly revenue was up 40.3% on a year-over-year basis. Equities analysts expect that Yandex will post 1.33 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. American Beacon Advisors Inc. grew its position in shares of Yandex by 44.0% in the 1st quarter. American Beacon Advisors Inc. now owns 972 shares of the information services provider’s stock worth $33,000 after acquiring an additional 297 shares in the last quarter. Enlightenment Research LLC acquired a new position in shares of Yandex in the 4th quarter worth approximately $30,000. FNY Investment Advisers LLC acquired a new position in shares of Yandex in the 1st quarter worth approximately $103,000. One Wealth Advisors LLC acquired a new position in shares of Yandex in the 1st quarter worth approximately $114,000. Finally, YorkBridge Wealth Partners LLC acquired a new position in shares of Yandex in the 4th quarter worth approximately $126,000. Institutional investors own 66.18% of the company’s stock.

Yandex Company Profile

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

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Analyst Recommendations for Yandex (NASDAQ:YNDX)

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