The Instinet Begins Coverage on Cheetah Mobile Inc. (CMCM), Report finds

The Instinet Begins Coverage on Cheetah Mobile Inc. (CMCM), Report finds

Cheetah Mobile (NYSE:CMCM) opened at 9.95 on Monday. The firm’s 50-day moving average price is $9.87 and its 200-day moving average price is $11.01. The company’s market cap is $1.37 billion. Cheetah Mobile has a one year low of $8.77 and a one year high of $18.19.

Equities researchers at Instinet initiated coverage on shares of Cheetah Mobile Inc. (NYSE:CMCM) in a note issued to investors on Monday, StockTargetPrices.com reports. The firm set a “neutral” rating and a $10.00 price target on the stock. Instinet’s price objective would suggest a potential upside of 0.50% from the stock’s previous close.

Cheetah Mobile Company Profile

Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.

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