NQ Mobile Receives a Buy from Rosenblatt Securities

By George MacDonald

Rosenblatt Securities analyst Jun Zhang reiterated a Buy rating on NQ Mobile (NYSE: NQ) today and set a price target of $13. The company’s shares opened today at $4.20.

NQ Mobile has an analyst consensus of Strong Buy.

The company has a one year high of $10.69 and a one year low of $2.80. Currently, NQ Mobile has an average volume of 2.02M.

Financial bloggers on sites such as SeekingAlpha, gurufocus.com and others, seem to have a Positive view on NQ. When evaluating the opinions of financial bloggers over the last 3 months, 64% of bloggers have indicated a Bullish sentiment, while 36% have indicated a Bearish sentiment.

According to TipRanks.com, Zhang is ranked 0 out of 5 stars with an average return of -33.5% and a 14.3% success rate. Zhang covers the Technology sector, focusing on stocks such as Sky-Mobi Limited, iDreamSky, and Micron.

NQ Mobile Inc through its subsidiaries, is engaged in the provision of mobile Internet services in the People’s Republic of China and overseas market. Its service portfolio includes mobile security and privacy protection, mobile games and advertising.