Phoenix New Media traded at $1.80 this Monday February 2nd, decreasing $0.01 or 0.55 percent since the previous trading session. Looking back, over the last four weeks, Phoenix New Media lost 2.70 percent. Over the last 12 months, its price fell by 18.55 percent. Looking ahead, we forecast Phoenix New Media to be priced at 1.77 by the end of this quarter and at 1.66 in one year, according to Trading Economics global macro models projections and analysts expectations.
Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices. It also transmits its UGC and in-house produced content to television viewers primarily through Phoenix TV. In addition to professionally produced content, content from Phoenix TV and its in-house produced content, the Company allows its users to UGC to its Websites and mobile applications. It operates in two segments: net advertising services and paid services. It provides its content and services through channels, including ifeng.com channel, video channel and mobile channel, and also transmits its content to television viewers, primarily through Phoenix TV. Together, these channels form a single converged platform providing integrated text, image and video content.