Line Corp (NYSE:LN) shot up 3% on Friday . The company traded as high as $47.75 and last traded at $47.07, with a volume of 874,630 shares trading hands. The stock had previously closed at $45.72.

A number of research firms have recently weighed in on LN. Morgan Stanley began coverage on shares of Line Corp in a research report on Monday, August 8th. They issued an “overweight” rating for the company. Jefferies Group began coverage on shares of Line Corp in a research report on Thursday, July 14th. They issued a “buy” rating for the company.

The firm’s 50 day moving average price is $0.00 and its 200-day moving average price is $0.00. The firm has a market capitalization of $9.81 billion and a P/E ratio of 3109.000.

LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.

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