Published: Mon, July 17, 2017
Economy | By Melissa Porter

Yandex.Taxi, Uber agree to merge businesses in Russia, Armenia and beyond

Yandex.Taxi, Uber agree to merge businesses in Russia, Armenia and beyond

Yandex N.V. (NASDAQ:YNDX)'s stock on Thursday traded at beginning with a price of $32.29 and when day-trade ended the stock finally surged 15.92% to reach at $31.68. On May 6, 2016 the stock rating was set at "Neutral" by Citigroup a cut from the previous "Buy" rating. Its last month's stock price volatility remained 2.75% which for the week stands at 3.31%. Yandex N.V. had 18 analyst reports since July 31, 2015 according to SRatingsIntel. On Monday, October 12 the stock rating was upgraded by Raiffeisen to "Buy".

Now have a look at past performance (weekly performance to year to date performance) how Yandex N.V. (YNDX) has been moved; whether it performed well or not.

04/04/2017 - Yandex N.V. had its " rating reiterated by analysts at Goldman Sachs. Yandex N.V. The company's quarterly revenue was up 25.4% compared to the same quarter a year ago. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The rating was downgraded by Standpoint Research on Friday, April 7 to "Hold". They now have a Dollars 26.7 price target on the stock.

04/18/2016 - Yandex N.V. had its " rating reiterated by analysts at Pacific Crest. They now have a Dollars 19 price target on the stock. The rating was upgraded by Morgan Stanley on Tuesday, November 17 to "Overweight". They now have a United States dollars 20 price target on the stock. Handelsbanken Fonder AB raised its position in Yandex 240.2% in the second quarter.

02/18/2015 - Yandex N.V. had its " rating reiterated by analysts at Bank of America Merrill Lynch. The company has a 50-day moving average of $27.17 and a 200-day moving average of $24.02. Rex Capital Advisors Llc who had been investing in Yandex N Vshs Class A for a number of months, seems to be less bullish one the $10.73 billion market cap company. Almost 23.96 million shares were traded by the close, higher than its average daily volume of 2.24 million shares.

In Internet Information Providers Industry, Yandex N.V. (YNDX) have 319.75 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

The Yandex.Taxi chief executive Tigran Khudaverdyan will become the chief executive of the combined business and Yandex will consolidate the new company's results in its financial statements. The Company's Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company's users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices. Blog searches offered by the Company's website includes feeds from leading blog hosting and social networking sites in Russian Federation, including LiveJournal, Vkontakte and Facebook.

The taxi-hailing apps of the two companies will combine to offer services in 127 cities in Russian Federation as well as in Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. Alphabet has higher revenue and earnings than Yandex N.V. Alphabet is trading at a lower price-to-earnings ratio than Yandex N.V., indicating that it is now the more affordable of the two stocks.

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