Naspers (OTCMKTS:NPSNY) Rating Increased to Hold at Zacks Research

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

Separately, Wall Street Zen lowered shares of Naspers from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Naspers Stock Up 0.7%

OTCMKTS:NPSNY opened at $10.78 on Tuesday. Naspers has a 12 month low of $9.90 and a 12 month high of $15.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.66 and a current ratio of 3.72. The company’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $12.12.

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.