Byd Co., Ltd. (BYDDY) Is Considered a Good Investment by Brokers: Is That True? [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
NASDAQ:AMEX Investor Relations:
byd.cn/bydenglish/investor
Company Research
Source: Yahoo! Finance
While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Byd Co., Ltd. (BYDDY). Byd Co., Ltd. currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.00 indicates Strong Buy. Of the six recommendations that derive the current ABR, six are Strong Buy, representing 100% of all recommendations. Brokerage Recommendation Trends for BYDDY Check price target & stock forecast for Byd Co., Ltd. here The ABR suggests buying Byd Co., Ltd., but making an investment decision solely on the basis of this information might not be a good idea. According to several studies,
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