Ladbrokes Coral Group PLC (LDCOY) Rating Lowered to Hold at Zacks Investment Research
Ladbrokes Coral Group PLC (NASDAQ:LDCOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Hilton Group is a global company operating in the hospitality and betting markets with the leading brand names of Hilton and Ladbroke. The group intends to enhance shareholder value by maximising its prime position in these international markets both of which are expected to experience significant long-term growth. They have two operating divisions-Hilton International which owns the rights to the Hilton name outside the USA and Ladbrokes Betting and Gaming which is one of the world’s largest commercial off-track betting and gaming organisations. “
LDCOY has been the topic of several other research reports. Bank of America Corporation restated a “buy” rating on shares of Ladbrokes Coral Group PLC in a research note on Tuesday, July 25th. J P Morgan Chase & Co assumed coverage on shares of Ladbrokes Coral Group PLC in a report on Wednesday, June 21st. They set an “overweight” rating on the stock.
Shares of Ladbrokes Coral Group PLC (NASDAQ LDCOY) opened at 1.66 on Monday. The firm’s market cap is $3.18 billion. The stock has a 50 day moving average price of $1.59 and a 200-day moving average price of $1.57. Ladbrokes Coral Group PLC has a 1-year low of $1.39 and a 1-year high of $1.75.
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About Ladbrokes Coral Group PLC
Ladbrokes Coral Group plc, formerly Ladbrokes plc, is engaged in the betting and gaming industry. The Company’s segments are UK Retail, European Retail and Digital. The UK Retail segment consists of betting activities in the shop estate in Great Britain. The Company is involved in traditional over-the-counter betting on football, horse and greyhound racing, as well as other sports and by machines.
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