Line Corp (LN) Shares Up 1.9%
Line Corp (NYSE:LN)’s share price shot up 1.9% during trading on Friday . The company traded as high as $43.73 and last traded at $42.50, with a volume of 696,068 shares. The stock had previously closed at $41.70.
A number of brokerages have commented on LN. JPMorgan Chase & Co. began coverage on shares of Line Corp in a report on Wednesday. They issued a “neutral” rating for the company. Jefferies Group began coverage on shares of Line Corp in a report on Thursday, July 14th. They issued a “buy” rating for the company. Finally, Morgan Stanley began coverage on shares of Line Corp in a report on Monday, August 8th. They issued an “overweight” rating for the company.
The stock has a market capitalization of $8.95 billion and a price-to-earnings ratio of 2835.33. The company has a 50-day moving average price of $40.93 and a 200 day moving average price of $40.93.
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.