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Bitauto Hldg Ltd (ADR) (BITA) [hlAlert]

Rating:
Buy BITA
down 14.22 %

Bitauto Hldg Ltd (ADR) (BITA) rated Buy by Citigroup

Posted on: Thursday,  Oct 29, 2015  12:25 PM ET by Citigroup

Citigroup rated Buy Bitauto Hldg Ltd (ADR) (NYSE: BITA) on 10/29/2015, when the stock price was $31.92. Since
then, Bitauto Hldg Ltd (ADR) has lost 14.22% as of 01/27/2016's recent price of $27.38.
If you would have followed this Citigroup's recommendation on BITA, you would have lost 14.22% of your investment in 90 days.

Bitauto Holdings Limited (Bitauto) is a holding company. The Company is a provider of Internet content and marketing services for People?s Republic of China?s automotive industry. Its bitauto.com and ucar.cn Websites provide consumers with up-to-date new and used automobile pricing information, specifications, reviews and consumer feedback. Through its vertical plus portal model, the Company also distribute its dealer customers? automobile pricing and promotional information through 67 partner Websites, including major portals operated by Tencent, Sina, Netease, Yahoo China and Tom Online. It has three segments: bitauto.com business, ucar.cn business and digital marketing solutions business. The Company conducts all of its business through its operating subsidiary, Beijing Bitauto Internet Information Company Limited (BBII) and its consolidated special purpose entities (SPEs) in People?s Republic of China.

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
10/29/2015 12:25 PM Buy
None
31.92
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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