Canaccord Genuity Reiterates Buy on NQ Mobile (NQ)

Following the company's quarterly earnings report, Canaccord Genuity reiterated a Buy on NQ Mobile (NYSE: NQ) with a price target of $17.00.

"We believe the fast-growing smartphone market combined with the increasing importance of downloading security and productivity applications should result in strong growth trends for NQ Mobile," said analyst T. Michael Walkley.

Walkley is postive on NQ Mobile given its strong share in China, expanding global customer base, and growing deal pipeline.

For an analyst ratings summary and ratings history on NQ Mobile click here. For more ratings news on NQ Mobile click here.

Shares of NQ Mobile closed at $6.47 yesterday.

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