NEW YORK (TheStreet) -- Yandex N.V. (YNDX) was rising 7.66% to $34.70 at 1:37 p.m. on Tuesday as the Russian Internet company, which operates the largest search engine in the country, rebounded from Monday's heavy losses on the heels of Russia's invasion of the Ukranian region of Crimea.
But news broke Tuesday that the Russian troops performing military exercises along the Ukranian border reportedly received orders to return to their bases. The Russian companies that had plunged on Monday consequently rebounded on Tuesday.
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TheStreet Ratings team rates YANDEX NV as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate YANDEX NV (YNDX) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive."