LINE Corporation (LN) Given Consensus Recommendation of “Hold” by Brokerages
LINE Corporation (NYSE:LN) has earned a consensus rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company.
A number of equities analysts have recently weighed in on LN shares. Instinet upgraded LINE Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research upgraded LINE Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. CLSA lowered LINE Corporation from an “underperform” rating to a “sell” rating in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) lowered LINE Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, April 20th. Finally, ValuEngine lowered LINE Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th.
LINE Corporation (NYSE LN) opened at 34.74 on Friday. The company has a market capitalization of $7.62 billion and a P/E ratio of 62.48. LINE Corporation has a 52 week low of $30.90 and a 52 week high of $51.48. The company has a 50 day moving average price of $35.17 and a 200-day moving average price of $35.00.
A number of institutional investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in LINE Corporation during the first quarter worth approximately $119,000. Eqis Capital Management Inc. bought a new position in LINE Corporation during the first quarter worth approximately $362,000. Comerica Bank raised its position in LINE Corporation by 1.3% in the first quarter. Comerica Bank now owns 12,460 shares of the technology company’s stock worth $441,000 after buying an additional 164 shares during the period. World Asset Management Inc raised its position in LINE Corporation by 1.5% in the first quarter. World Asset Management Inc now owns 13,512 shares of the technology company’s stock worth $520,000 after buying an additional 198 shares during the period. Finally, Karp Capital Management Corp bought a new position in LINE Corporation during the first quarter worth approximately $1,061,000. Hedge funds and other institutional investors own 3.57% of the company’s stock.
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About LINE Corporation
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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