Zacks Investment Research downgraded shares of PHOENIX NEW MED (FENG) from OUTPERFORM to NEUTRAL on May 16, 2013, with a target price of $4.50.
Phoenix New Media Limited provides premium content on an integrated platform across Internet, mobile and TV channels in China. The Company provides global news coverage, investigative reports and in-depth analysis of events in compelling presentation formats. It enable consumers to access professional news and other quality content and share user-generated content, or UGC, on the Internet and through their mobile devices. Phoenix New Media Limited is a subsidiary of Phoenix Satellite Television (B.V.I.) Holding Limited and is based in Beijing, the Peoples' Republic of China.
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