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

Naspers (OTCMKTS:NPSNY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Separately, Wall Street Zen downgraded Naspers from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Naspers Trading Up 0.7%

OTCMKTS:NPSNY opened at $10.78 on Tuesday. Naspers has a twelve month low of $9.90 and a twelve month 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 business has a 50 day moving average price of $10.88 and a two-hundred day moving average price of $12.12.

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.