Naspers (OTCMKTS:NPSNY) Downgraded by Zacks Research to “Strong Sell”

Naspers (OTCMKTS:NPSNY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other research analysts have also commented on NPSNY. The Goldman Sachs Group initiated coverage on Naspers in a report on Thursday, June 4th. They set a “neutral” rating on the stock. Barclays reaffirmed an “overweight” rating on shares of Naspers in a research report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Naspers currently has a consensus rating of “Hold”.

Naspers Price Performance

OTCMKTS NPSNY opened at $8.78 on Tuesday. Naspers has a fifty-two week low of $8.72 and a fifty-two week high of $15.15. The stock’s 50-day moving average is $9.80 and its two-hundred day moving average is $10.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 2.40.

About Naspers

Naspers Limited is a South African global consumer-internet and technology investment group. Founded in 1915 as Nasionale Pers, the company began as a publishing business before expanding into pay television, digital media and internet-related investments. Today, Naspers focuses primarily on building and investing in technology businesses that serve consumers in emerging and developed markets.

Naspers’ principal international technology interests are held through Prosus N.V., its separately listed global consumer-internet group.