Deutsche Bank Cuts AsiaInfo-Linkage (ASIA) to Hold Amid Q4 Results, Guidance
ASIA Hot Sheet
Rating Summary:3 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Deutsche Bank downgraded shares of AsiaInfo-Linkage (NASDAQ: ASIA) from Buy to Hold in an intraday research note Tuesday afternoon. The firm's price target was lowered from $18 to $13.20.
The downgrade follows Q4 results and guidance from AsiaInfo on Monday after the closing bell rang. While shares are currently down 2.5 percent to $11.47, the stock was down as much as 8.3 percent to $10.78 earlier.
Deutsche Bank noted "an increase in implementation engineers to carry out newly signed market expansion and overseas projects partly resulted in a 280bp decline in non-GAAP GM in 4Q. Wage inflation, as well as increased investment in R&D to integrate and standardize products, will likely continue to put pressure on margin in the near term."
For an analyst ratings summary and ratings history on AsiaInfo-Linkage click here. For more ratings news on AsiaInfo-Linkage click here.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
The downgrade follows Q4 results and guidance from AsiaInfo on Monday after the closing bell rang. While shares are currently down 2.5 percent to $11.47, the stock was down as much as 8.3 percent to $10.78 earlier.
Deutsche Bank noted "an increase in implementation engineers to carry out newly signed market expansion and overseas projects partly resulted in a 280bp decline in non-GAAP GM in 4Q. Wage inflation, as well as increased investment in R&D to integrate and standardize products, will likely continue to put pressure on margin in the near term."
For an analyst ratings summary and ratings history on AsiaInfo-Linkage click here. For more ratings news on AsiaInfo-Linkage click here.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
- Tudor Pickering Downgrades Petrobras (PBR) to Accumulate
- UPDATE: Williams Financial Group Upgrades Semtech Corp. (SMTC) to Buy; Check Again...Quarter Was Fairly Strong
Create E-mail Alert Related Categories
DowngradesRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
