In a report released yesterday, Thomas Chong from Jefferies maintained a Buy rating on Kingsoft (KSFTF – Research Report), with a price target of HK$34.00. The company’s shares closed last Friday at $3.75.
Chong covers the Communication Services sector, focusing on stocks such as Tencent Holdings Limited, China Literature, and Kingsoft. According to TipRanks, Chong has an average return of -7.4% and a 26.95% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kingsoft with a $4.48 average price target.
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KSFTF market cap is currently $4.19B and has a P/E ratio of 89.53.
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Kingsoft (KSFTF) Company Description:
Kingsoft Corp Kingsoft is a Chinese software and Internet services company. It is organized into three operating segments: Entertainment software segment engages in the research and development of games, and provision of online games, mobile games and casual game services, the Information Security and Internet Services segment engages in the research, development and operation of information security software, internet browser, mission critical mobile applications, and provision of online marketing services and internet value-added services and the Office Software and others segment involved in the research, development and distribution of office application software, provision of cloud storage, cloud computation and dictionary services.
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