Naspers (OTCMKTS:NPSNY) Upgraded by Zacks Research to Hold Rating

Naspers (OTCMKTS:NPSNY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, Barclays reissued an “overweight” rating on shares of Naspers in a research note on Monday, December 8th. One research 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.com, the company has a consensus rating of “Buy”.

Naspers Trading Down 2.0%

Naspers stock opened at $12.22 on Monday. Naspers has a 12 month low of $8.34 and a 12 month high of $15.15. The business has a 50 day moving average price of $13.07 and a two-hundred day moving average price of $35.31. The company has a quick ratio of 3.66, a current ratio of 3.72 and a debt-to-equity ratio of 0.30.

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.