Line Corp (NYSE:LN) shares were 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 changing hands. The stock had previously closed at $45.72.

A number of research analysts have weighed in on LN shares. Jefferies Group started coverage on shares of Line Corp in a research report on Thursday, July 14th. They set a “buy” rating on the stock. Morgan Stanley started coverage on shares of Line Corp in a research report on Monday, August 8th. They set an “overweight” rating on the stock.

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 cap of $9.79 billion and a PE ratio of 3101.33.

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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