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

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

A number of other research firms have also issued reports on NPSNY. Barclays reaffirmed an “overweight” rating on shares of Naspers in a report on Monday, August 17th. The Goldman Sachs Group started coverage on shares of Naspers in a research note on Thursday, June 4th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Naspers Stock Down 6.3%

OTCMKTS NPSNY opened at $8.78 on Tuesday. The business has a fifty day moving average price of $9.80 and a 200 day moving average price of $10.35. Naspers has a one year low of $8.72 and a one year high of $15.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.40 and a quick ratio of 2.36.

About Naspers

Naspers Limited is a South African global consumer-internet and technology investment group. Founded in 1915 as Nasionale Pers, the company began as a publishing business before expanding into pay television, digital media and internet-related investments. Today, Naspers focuses primarily on building and investing in technology businesses that serve consumers in emerging and developed markets.

Naspers’ principal international technology interests are held through Prosus N.V., its separately listed global consumer-internet group.