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Shanda Games (GAME) [hlAlert]

Rating:
Buy GAME
up 110.61 %

Shanda Games (GAME) upgraded to Buy by Citigroup

Posted on: Tuesday,  Feb 26, 2013  10:25 AM ET by Citigroup

Citigroup rated Buy Shanda Games (NASDAQ: GAME) on 02/26/2013, when the stock price was $3.11. Since
then, Shanda Games has gained 110.61% as of 11/18/2015's recent price of $6.55.
If you would have followed this Citigroup's recommendation on GAME, you would have gained 110.61% of your investment in 995 days.

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 12/13/2013
1 Week up  7.65 %
1 Month up  0.92 %
3 Months up  10.94 %
1 YTD up  40.19 %
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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