Naspers (OTCMKTS:NPSNY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of Naspers (OTCMKTS:NPSNY) from a hold rating to a strong sell rating in a report published on Tuesday,Zacks.com reports.

NPSNY has been the subject of several other reports. Barclays reissued an “overweight” rating on shares of Naspers in a report on Monday, December 8th. Wall Street Zen downgraded shares of Naspers from a “buy” rating to a “hold” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Naspers Trading Up 4.5%

OTCMKTS NPSNY opened at $10.69 on Tuesday. The stock’s 50-day moving average price is $11.67 and its 200-day moving average price is $22.06. The company has a quick ratio of 3.66, a current ratio of 3.72 and a debt-to-equity ratio of 0.30. Naspers has a 52 week low of $8.34 and a 52 week high of $15.15.

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.