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Shanda Games (GAME) [hlAlert]

Rating:
Neutral GAME

Shanda Games (GAME) rated Neutral by Citigroup

Posted on: Tuesday,  Aug 14, 2012  8:25 AM ET by Citigroup

Shanda Games (NASDAQ:
GAME) rated Neutral by Citigroup.

Shanda Games Limited (Shanda Games) is an online game company. The Company?s online game business includes the business of developing, operating and licensing its massively multi-player online role-playing games (MMORPGs) and advanced casual games. Advanced casual games, which are a sub-category of casual games, possess certain elements of MMORPGs, including a story line, graphics, availability of virtual items and interactions among game players. Shanda Games develops and sources an array of game content through multiple channels, including in-house development, licensing, investment and acquisition, co-development and co-operation. As of August 31, 2009, the Company operated 18 MMORPGs and 11 advanced casual games. In July 2009, the Company acquired Chengdu Simo Technology Co., Ltd., an online game company.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/26/2013 10:25 AM Buy
None
3.11
as of 8/27/2015
1 Week down  -2.96 %
1 Month down  -5.07 %
3 Months down  -4.65 %
1 YTD up  43.01 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/14/2012 8:25 AM Hold
None
3.56

(*) Stock Price at the time of the recommendation.
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