Naspers (OTCMKTS:NPSNY) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Naspers (OTCMKTS:NPSNY) from a buy rating to a hold rating in a research note published on Monday.

Several other equities research analysts have also recently issued reports on NPSNY. Zacks Research upgraded shares of Naspers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Barclays reissued an “overweight” rating on shares of Naspers in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Naspers Price Performance

Shares of NPSNY opened at $11.52 on Monday. Naspers has a 52-week low of $8.34 and a 52-week high of $15.15. The company has a quick ratio of 3.66, a current ratio of 3.72 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $12.69 and a two-hundred day simple moving average of $29.67.

About Naspers

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.