Naspers (OTCMKTS:NPSNY) Lowered to Hold Rating by Wall Street Zen

Naspers (OTCMKTS:NPSNY) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other research analysts also recently issued reports about the stock. Zacks Research upgraded Naspers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Barclays reaffirmed an “overweight” rating on shares of Naspers in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Naspers Price Performance

Naspers stock traded up $0.02 during midday trading on Monday, reaching $11.42. The company’s stock had a trading volume of 220,304 shares, compared to its average volume of 223,048. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.72 and a quick ratio of 3.66. The stock’s 50 day simple moving average is $12.77 and its 200 day simple moving average is $30.53. Naspers has a fifty-two week low of $8.34 and a fifty-two week high of $15.15.

About Naspers

Naspers is a South African multinational holding company headquartered in Cape Town with principal interests in internet, technology and media businesses. Founded in 1915 as a publisher, the company evolved from traditional newspaper and magazine publishing into a diversified media group with pay-television and publishing operations in South Africa and other markets. Over time Naspers shifted strategy toward technology investments and online platforms, building a global portfolio focused on marketplaces, payments, classifieds and food delivery services.

A defining moment in the company’s modern history was its early investment in China’s Tencent, which helped reshape Naspers into a significant global investor in internet companies.