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Contemporary Amperex Technology Co., Limited Class H (3750) was downgraded to a Hold Rating at Exane BNP Paribas

Tipranks - Tipranks - Thu Jun 4, 7:40PM CDT

In a report released on June 2, from Exane BNP Paribas downgraded Contemporary Amperex Technology Co., Limited Class H to a Hold, with a price target of HK$800.00. The company’s shares closed yesterday at HK$779.50.

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Currently, the analyst consensus on Contemporary Amperex Technology Co., Limited Class H is a Strong Buy with an average price target of HK$739.43, which is a -5.14% downside from current levels. In a report released on June 2, Bernstein also maintained a Hold rating on the stock with a HK$600.00 price target.

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Based on Contemporary Amperex Technology Co., Limited Class H’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$129.13 billion and a net profit of HK$20.74 billion. In comparison, last year the company earned a revenue of HK$84.7 billion and had a net profit of HK$13.96 billion

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