Zacks Research Upgrades Naspers (OTCMKTS:NPSNY) to “Hold”

Naspers (OTCMKTS:NPSNY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Barclays reissued an “overweight” rating on shares of Naspers in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Naspers Stock Performance

OTCMKTS NPSNY opened at $12.22 on Monday. Naspers has a 52 week low of $8.34 and a 52 week high of $15.15. The company has a current ratio of 3.72, a quick ratio of 3.66 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $13.07 and a two-hundred day moving average of $35.31.

Naspers Company Profile

Naspers is a South African multinational holding company headquartered in Cape Town with principal interests in internet, technology and media businesses. Founded in 1915 as a publisher, the company evolved from traditional newspaper and magazine publishing into a diversified media group with pay-television and publishing operations in South Africa and other markets. Over time Naspers shifted strategy toward technology investments and online platforms, building a global portfolio focused on marketplaces, payments, classifieds and food delivery services.

A defining moment in the company’s modern history was its early investment in China’s Tencent, which helped reshape Naspers into a significant global investor in internet companies.