Line Corp (LN) Rating Increased to Hold at Zacks Investment Research
Line Corp (NYSE:LN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “LINE Corporation develops and operates the LINE application for smartphones. It offers messenger services which include free messages, voice calls and video calls. The company also provides communication and content sales and advertising services through LINE advertising, livedoor blog, and NAVER Matome Web portals. LINE Corporation is based in Tokyo, Japan. “
A number of other research firms also recently weighed in on LN. Jefferies Group restated a “hold” rating on shares of Line Corp in a research note on Thursday, September 8th. Macquarie downgraded Line Corp from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 27th. Morgan Stanley started coverage on Line Corp in a research report on Monday, August 8th. They set an “overweight” rating on the stock. JPMorgan Chase & Co. started coverage on Line Corp in a research report on Wednesday, August 24th. They set a “neutral” rating on the stock. Finally, Deutsche Bank AG downgraded Line Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold”.
Hedge funds have recently bought and sold shares of the company. Capital World Investors purchased a new stake in Line Corp during the third quarter worth approximately $28,089,000. Jennison Associates LLC purchased a new stake in Line Corp during the third quarter worth approximately $16,591,000. Hillhouse Capital Management Ltd. purchased a new stake in Line Corp during the third quarter worth approximately $16,301,000. Morgan Stanley purchased a new stake in Line Corp during the third quarter worth approximately $9,795,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Line Corp during the third quarter worth approximately $5,753,000.
Line Corp Company Profile
LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.
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