Citigroup downgraded shares of GSX Techedu (NYSE:GOTU) from a buy rating to a sell rating in a report issued on Friday, The Fly reports.
GOTU has been the subject of a number of other reports. Nomura raised GSX Techedu from a reduce rating to a neutral rating and dropped their price target for the company from $48.00 to $29.50 in a research note on Monday, May 10th. The Goldman Sachs Group lowered GSX Techedu from a buy rating to a neutral rating and dropped their price target for the company from $60.00 to $20.00 in a research note on Wednesday, June 2nd. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered GSX Techedu from a neutral rating to a sell rating and set a $12.00 price target for the company. in a research note on Friday.
Shares of GSX Techedu stock opened at $14.66 on Friday. GSX Techedu has a 12 month low of $12.81 and a 12 month high of $149.05. The company has a market cap of $3.74 billion, a P/E ratio of -8.14 and a beta of -1.19.
About GSX Techedu
GSX Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.
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