Line (LN) Upgraded to Hold by Zacks Investment Research
Line (NYSE:LN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “LINE Corporation develops and operates the LINE application for smartphones. It offers messenger services which include free messages, voice calls and video calls. The company also provides communication and content sales and advertising services through LINE advertising, livedoor blog, and NAVER Matome Web portals. LINE Corporation is based in Tokyo, Japan. “
LN has been the topic of a number of other reports. Deutsche Bank downgraded shares of Line from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. CLSA restated a “buy” rating on shares of Line in a research report on Wednesday, October 3rd. Jefferies Financial Group upgraded shares of Line from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 16th. TheStreet downgraded shares of Line from a “c” rating to a “d+” rating in a research report on Wednesday, October 24th. Finally, ValuEngine downgraded shares of Line from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.
Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in shares of Line by 183.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,268 shares of the technology company’s stock worth $137,000 after buying an additional 2,114 shares during the last quarter. SG Americas Securities LLC bought a new stake in Line in the 3rd quarter valued at about $167,000. Greenleaf Trust bought a new stake in Line in the 3rd quarter valued at about $208,000. Tower Research Capital LLC TRC lifted its position in Line by 212.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,301 shares of the technology company’s stock valued at $223,000 after purchasing an additional 3,603 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Line in the 1st quarter valued at about $438,000. Institutional investors own 2.90% of the company’s stock.
Line Company Profile
LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and related services primarily in Japan, Taiwan, Thailand, Indonesia, and Hong Kong. The company offers LINE, a cross-platform messenger application that enable users to communicate through free instant messaging, stickers, and voice and video calls, as well as serves as a smart portal to its other applications and services.
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