NeuLion Inc (TSE:NLN) was upgraded by investment analysts at Beacon Securities from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other brokerages have also issued reports on NLN. Wunderlich increased their price objective on NeuLion from C$1.30 to C$1.50 and gave the stock a “buy” rating in a report on Friday, March 4th. Cantor Fitzgerald reiterated a “buy” rating on shares of NeuLion in a report on Tuesday, March 8th.

Shares of NeuLion (TSE:NLN) traded down 3.81% during trading on Wednesday, reaching $1.01. 156,390 shares of the company’s stock were exchanged. NeuLion has a 12-month low of $0.53 and a 12-month high of $1.72. The stock has a 50-day moving average price of $1.24 and a 200 day moving average price of $0.90. The company has a market capitalization of $285.07 million and a P/E ratio of 8.94.

NeuLion, Inc is a technology product and service provider. The Company specializes in the digital video broadcasting, distribution and monetization of live and on-demand content to Internet-enabled devices. Through its cloud-based solution, it builds, secure and manage digital networks. Its cloud-based technology platform offers a range of digital technology and services for content rights holders, including content ingestion, live encoding, live video editing, digital rights management, advertising insertion and management, content management, subscriber management, billing services, Website design, analytics and reporting, among others.

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