Naspers (OTCMKTS:NPSNY) Downgraded to Strong Sell Rating by Zacks Research

Naspers (OTCMKTS:NPSNY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Barclays reiterated an “overweight” rating on shares of Naspers in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Naspers Stock Performance

Shares of NPSNY stock opened at $13.92 on Tuesday. The stock’s fifty day simple moving average is $13.39 and its 200 day simple moving average is $40.28. Naspers has a one year low of $7.71 and a one year high of $15.15. The company has a quick ratio of 3.66, a current ratio of 3.72 and a debt-to-equity ratio of 0.30.

Naspers Company Profile

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.