Zacks Investment Research upgraded shares of AUTONAVI HL-ADR (AMAP) from NEUTRAL to OUTPERFORM on July 10, 2012, with a target price of $13.70.
AutoNavi Holdings Limited is a provider of digital map content and navigation and location-based solutions in China. The Company's products and services have a wide range of applications including in-dash navigation systems, portable navigation devices, wireless and Internet location-based services, and public sector and enterprise applications. It provides aerial digital maps and 3-D modeling applications to government agencies to meet their land usage survey, urban planning, mapping, environmental protection, public security and agriculture. It also provides a nationwide digital map database to support the location-based services offered by China Mobile, a mobile operator. It provides user-end map application software specifically designed for mobile phone users. In addition, the Company offers digital map data and solutions to many websites in China, including websites operated by Google and SINA. AutoNavi Holdings Limited is headquartered in Beijing, the People's Republic of China.
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