Zacks Investment Research downgraded shares of ELONG INC-ADR (LONG) from NEUTRAL to UNDERPERFORM on November 22, 2012, with a target price of $15.00.
eLong is an independent travel service company headquartered in Beijing with a national presence across China. The company uses web-based distribution technologies and a 24-hour nationwide call center to provide consumers with consolidated travel information and the ability to access hotel reservations at discounted rates at hotels in major cities across China. The company also offers air ticketing and other travel related services, such as rental cars, vacation packages and corporate travel services.
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