Zacks Investment Research upgraded shares of Paddy Power Betfai (NASDAQ:PDYPY) from a sell rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Paddy Power Betfair Plc operates as an online betting and gaming company. Paddy Power Betfair Plc is headquartered in Dublin, Ireland. “

Shares of Paddy Power Betfai (NASDAQ:PDYPY) traded down 1.24% during midday trading on Tuesday, hitting $49.25. 447 shares of the stock traded hands. The stock has a market capitalization of $8.28 billion and a P/E ratio of 48.50. The firm has a 50-day moving average price of $48.40 and a 200-day moving average price of $51.83. Paddy Power Betfai has a 52 week low of $46.90 and a 52 week high of $59.59.

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