Ladbrokes Coral Group PLC (NASDAQ:LDCOY) Rating Lowered to Hold at Zacks Investment Research

Ladbrokes Coral Group PLC (NASDAQ:LDCOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, August 29th.

According to Zacks, “Hilton Group is a global company operating in the hospitality and betting markets with the leading brand names of Hilton and Ladbroke. The group intends to enhance shareholder value by maximising its prime position in these international markets both of which are expected to experience significant long-term growth. They have two operating divisions-Hilton International which owns the rights to the Hilton name outside the USA and Ladbrokes Betting and Gaming which is one of the world’s largest commercial off-track betting and gaming organisations. “

A number of other equities analysts have also recently weighed in on LDCOY. Bank of America Corporation reaffirmed a “buy” rating on shares of Ladbrokes Coral Group PLC in a report on Tuesday, July 25th. J P Morgan Chase & Co assumed coverage on Ladbrokes Coral Group PLC in a report on Wednesday, June 21st. They issued an “overweight” rating for the company.

Shares of Ladbrokes Coral Group PLC (NASDAQ LDCOY) remained flat at $1.59 during mid-day trading on Tuesday. The company’s market cap is $3.04 billion. The company has a 50 day moving average of $1.60 and a 200-day moving average of $1.56. Ladbrokes Coral Group PLC has a 52 week low of $1.39 and a 52 week high of $1.83.

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Ladbrokes Coral Group PLC Company Profile

Ladbrokes Coral Group plc, formerly Ladbrokes plc, is engaged in the betting and gaming industry. The Company’s segments are UK Retail, European Retail and Digital. The UK Retail segment consists of betting activities in the shop estate in Great Britain. The Company is involved in traditional over-the-counter betting on football, horse and greyhound racing, as well as other sports and by machines.

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