Zacks Investment Research lowered shares of Naspers Ltd. (OTCMKTS:NPSNY) from a buy rating to a hold rating in a report issued on Tuesday.

According to Zacks, “Naspers Limited is a multinational media group with its principal operations in pay television and Internet subscriber platforms, print media, book publishing, private education and technology markets. The group’s activities are conducted through subsidiaries, joint ventures and associated companies. Naspers’ most significant operations are located in South Africa, and it has major operations elsewhere in Africa, as well as in Greece, Cyprus and Asia. “

Naspers (OTCMKTS NPSNY) opened at 45.19 on Tuesday. Naspers has a 1-year low of $27.42 and a 1-year high of $54.00. The company has a market capitalization of $97.51 billion, a P/E ratio of 33.75 and a beta of 1.15. The company has a 50-day moving average of $44.90 and a 200-day moving average of $41.93.

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The business also recently disclosed a None dividend, which was paid on Thursday, September 28th. Shareholders of record on Friday, September 15th were given a $0.062 dividend. The ex-dividend date was Thursday, September 14th.

About Naspers

Naspers Limited is a global Internet and entertainment company, and a technology investor. The Company operates platforms in Internet, video entertainment and media sectors. The Company’s segments include Internet, Video entertainment, Media and Corporate services. The Company has built various products and services, such as OLX, Avito, letgo, Allegro, eMAG, Flipkart, PayU, MultiChoice, ShowMax, Movile, SimilarWeb and Media24.

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