Hurray! Holding Co. (HRAY)

We upgrade our recommendation to a Buy for Hurray! Holding Co. Ltd. (HRAY), a leading provider of wireless value-added services (WVAS) and digital download content in China, following large-scale 3G (TD-SCDMA) wireless network deployments and the company's transformation to an entertainment content developer.

Hurray! also has a respectable net cash position on its balance sheet and operating margins appear to be improving due to cost reduction measures.

We believe the company may be in the midst of a favorable turnaround, with share priced at an attractive level near the company's net cash position. Wireless demand for mobile entertainment services may also result in higher revenue levels over the next six- to twelve-months.

Hurray! Holding Co. (HRAY) : FULL ANALYST REPORT

Bull of the Day

Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out Zacks Premium.

Read the full analyst report on KUTV

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Email	Print	Share	Rate Pos	Rate Neg		Comment

Symbol	Price	Net	% Change	Zacks Rank	Zacks Rec
KUTV	2.22	$0.00	0.00 %	PREMIUM	PREMIUM

DJIA	12890.46	6.51	0.05%
NASD	2927.23	0.00	0.00%
S&P 500	1351.95	1.99	0.15%

Hurray! Holding Co. (HRAY)

Related Content

Related Tickers

More Zacks Resources

More Zacks Links