Topeka Capital Maintains Buy on NQ Mobile (NQ)

October 25, 2013 1:52 PM EDT
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Price: $3.28 +0.61%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Topeka Capital maintained a Buy rating on NQ Mobile (NYSE: NQ) with a price target of $33.50.

Analyst Frederick Ziegel said, "NQ Mobile conducted a very lengthy conference call this morning to address the assertions made in a report published by Muddy Waters. It will take some time to allay investor concerns/questions but, in our opinion, NQ did a very admirable job given the short notice."

For an analyst ratings summary and ratings history on NQ Mobile click here. For more ratings news on NQ Mobile click here.

Shares of NQ Mobile closed at $12.09 yesterday.

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