Deutsche Bank Starts YY Inc, (YY) at Hold on Valuation

Deutsche Bank initiates coverage on YY Inc, (NASDAQ: YY) with a Hold rating and price target on $13.66 citing valuation.

The firm comments, "Despite a sizable registered user base of 400m, we think YY is in the early stages of monetization. However, we take a relatively conservative stance on its valuation in view of risks that could significantly alter its growth trajectory. We view YY as a relatively high risk, high return name. The company’s current share price reflects balanced risk and return, in our view."

For an analyst ratings summary and ratings history on YY Inc, click here. For more ratings news on YY Inc, click here.

Shares of YY Inc, closed at $13.65 yesterday.

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