HSBC assumed coverage on shares of DouYu International (NASDAQ:DOYU) in a research note issued to investors on Monday, The Fly reports. The firm issued a hold rating on the stock.

A number of other research analysts have also issued reports on the company. Citigroup assumed coverage on DouYu International in a report on Monday, August 12th. They issued a buy rating for the company. Bank of America initiated coverage on DouYu International in a report on Monday, August 12th. They issued a buy rating for the company. JPMorgan Chase & Co. initiated coverage on DouYu International in a report on Tuesday, August 27th. They set an overweight rating for the company. Finally, 86 Research raised DouYu International to a buy rating and set a $12.00 price target for the company in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $12.00.

NASDAQ:DOYU opened at $9.04 on Monday. The company has a fifty day moving average of $9.06. DouYu International has a 12-month low of $7.77 and a 12-month high of $11.88.

DouYu International (NASDAQ:DOYU) last released its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.05. The company had revenue of $272.79 million during the quarter. As a group, research analysts anticipate that DouYu International will post -0.04 EPS for the current year.

About DouYu International

DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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The Fly

Analyst Recommendations for DouYu International (NASDAQ:DOYU)

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