Pearson PLC (PSO) Downgraded by Zacks Investment Research to “Sell”
According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “
PSO has been the subject of a number of other reports. BNP Paribas downgraded Pearson PLC from an outperform rating to a neutral rating in a research report on Thursday, September 22nd. Goldman Sachs Group Inc. reiterated a sell rating on shares of Pearson PLC in a research report on Tuesday. Shore Capital reiterated a hold rating on shares of Pearson PLC in a research report on Sunday, July 31st. Morgan Stanley upgraded Pearson PLC from an equal weight rating to an overweight rating in a research report on Tuesday, July 12th. Finally, Beaufort Securities reiterated a buy rating on shares of Pearson PLC in a research report on Monday, August 1st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold.
Shares of Pearson PLC (NYSE:PSO) traded up 1.76% on Thursday, hitting $9.84. 250,925 shares of the company traded hands. The firm’s 50 day moving average price is $10.83 and its 200-day moving average price is $11.82. Pearson PLC has a 1-year low of $9.18 and a 1-year high of $18.78. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 9.00 and a beta of 0.32.
The business also recently announced a dividend, which was paid on Wednesday, September 21st. Shareholders of record on Friday, August 19th were paid a $0.238 dividend. The ex-dividend date was Wednesday, August 17th.
A number of institutional investors have recently bought and sold shares of PSO. Checchi Capital Advisers LLC raised its position in Pearson PLC by 9.6% in the second quarter. Checchi Capital Advisers LLC now owns 8,249 shares of the company’s stock valued at $107,000 after buying an additional 724 shares during the period. Cutler Group LP raised its position in Pearson PLC by 78.7% in the first quarter. Cutler Group LP now owns 10,034 shares of the company’s stock valued at $125,000 after buying an additional 4,418 shares during the period. Nuveen Fund Advisors LLC bought a new position in Pearson PLC during the second quarter valued at about $142,000. Bellecapital International Ltd. bought a new position in Pearson PLC during the second quarter valued at about $146,000. Finally, Jefferies Group LLC bought a new position in Pearson PLC during the second quarter valued at about $168,000. Institutional investors own 2.10% of the company’s stock.
About Pearson PLC
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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