NEW YORK ( TheStreet) -- Shanda Interactive Entertainment (Nasdaq: SNDA) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Shanda Interactive Entertainment Limited, together with its subsidiaries, operates as an entertainment media company in the People's Republic of China. It engages in the development and operation of online games on an integrated platform. The company has a P/E ratio of 12.2, below the average computer software & services industry P/E ratio of 21.4 and below the S&P 500 P/E ratio of 23.5. Shanda Interactive Entertainment has a market cap of $2.8 billion and is part of the technology sector and computer software & services industry. Shares are up 13.5% year to date as of the close of trading on Thursday.
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