Naspers (OTCMKTS:NPSNY) Rating Increased to Hold at Zacks Research

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

Separately, Wall Street Zen cut shares of Naspers from a “buy” rating to a “hold” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Naspers Trading Up 0.7%

Shares of NPSNY stock opened at $10.78 on Tuesday. 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 company has a fifty day moving average price of $10.88 and a two-hundred day moving average price of $12.12. Naspers has a one year low of $9.90 and a one year 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.