Line Corp’s (LN) Hold Rating Reaffirmed at Jefferies Group
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Line Corp from a hold rating to a sell rating in a report on Saturday, October 29th. Morgan Stanley initiated coverage on Line Corp in a report on Monday, August 8th. They issued an overweight rating for the company. JPMorgan Chase & Co. initiated coverage on Line Corp in a report on Wednesday, August 24th. They issued a neutral rating for the company. Macquarie cut Line Corp from an outperform rating to a neutral rating in a report on Thursday, October 27th. Finally, Deutsche Bank AG cut Line Corp from a buy rating to a hold rating in a report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold.
Line Corp (NYSE:LN) opened at 38.64 on Tuesday. The company has a 50 day moving average price of $41.44 and a 200-day moving average price of $42.45. Line Corp has a 12 month low of $36.01 and a 12 month high of $51.48. The company has a market cap of $8.39 billion and a PE ratio of 175.64.
TRADEMARK VIOLATION NOTICE: This article was first posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and republished in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2016/11/30/line-corps-ln-hold-rating-reaffirmed-at-jefferies-group.html.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors purchased a new position in Line Corp during the third quarter worth approximately $28,089,000. Jennison Associates LLC purchased a new position in Line Corp during the third quarter worth approximately $16,591,000. Hillhouse Capital Management Ltd. purchased a new position in Line Corp during the third quarter worth approximately $16,301,000. Morgan Stanley purchased a new position in Line Corp during the third quarter worth approximately $9,795,000. Finally, PNC Financial Services Group Inc. purchased a new position in Line Corp during the third quarter worth approximately $5,753,000.
About Line Corp
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.
Receive News & Stock Ratings for Line Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Line Corp and related stocks with our FREE daily email newsletter.