Tigress Financial Initiates a Buy Rating on Yandex (YNDX)

By Jason Carr

In a report released today, Aaron Ju from Tigress Financial initiated coverage with a Buy rating on Yandex (YNDXResearch Report). The company’s shares closed last Monday at $45.32, close to its 52-week high of $45.40.

According to TipRanks.com, Ju is a 4-star analyst with an average return of 21.2% and a 69.2% success rate. Ju covers the Services sector, focusing on stocks such as New Oriental Education Tech, Yum China Holdings, and JD.

The word on The Street in general, suggests a Hold analyst consensus rating for Yandex.

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The company has a one-year high of $45.40 and a one-year low of $28.91. Currently, Yandex has an average volume of 2.48M.

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Yandex NV operates as an investment holding company, which engages in the provision of search engines and online services. It operates through the following business segments: Search and Portal, E-commerce, Taxi, Media Services and Classifieds. The Search and Portal segment includes all the services offered in Russia, Belarus and Kazakhstan.