Nintendo Co. (NTDOY) Rating Lowered to Neutral at Macquarie
Nintendo Co. (OTCMKTS:NTDOY) was downgraded by equities researchers at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday.
Several other research analysts have also weighed in on the stock. Bank of America Corp. raised shares of Nintendo from a “neutral” rating to a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research raised shares of Nintendo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Jefferies Group reaffirmed a “buy” rating on shares of Nintendo in a research note on Friday, July 15th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Nintendo in a research note on Tuesday, July 12th. Finally, Credit Agricole SA reaffirmed a “sell” rating on shares of Nintendo in a research note on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $36.00.
Nintendo (OTCMKTS:NTDOY) opened at 32.02 on Thursday. The company’s 50 day moving average is $31.75 and its 200 day moving average is $23.96. Nintendo has a 1-year low of $15.34 and a 1-year high of $38.25. The company’s market cap is $30.77 billion.
An institutional investor recently raised its position in Nintendo stock. Parametric Portfolio Associates LLC increased its position in Nintendo Co. (OTCMKTS:NTDOY) by 6.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 278,277 shares of the company’s stock after buying an additional 17,031 shares during the period. Parametric Portfolio Associates LLC’s holdings in Nintendo were worth $4,948,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.13% of the company’s stock.
Nintendo Company Profile
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