Harbinger Group Downgraded by Jefferson Research to “Hold” (HRG)
Harbinger Group (NYSE:HRG) was downgraded by investment analysts at Jefferson Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, AnalystRatingsNetwork.com reports.
Harbinger Group (NYSE:HRG) traded down 2.04% on Friday, hitting $11.265. The stock had a trading volume of 45,652 shares. Harbinger Group has a 52-week low of $7.33 and a 52-week high of $12.14. The stock’s 50-day moving average is $11.55 and its 200-day moving average is $10.57. The company’s market cap is $1.509 billion.
Harbinger Group (NYSE:HRG) last released its earnings data on Thursday, February 6th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.41. The company had revenue of $1.51 million for the quarter, compared to the consensus estimate of $1.22 million. The company’s quarterly revenue was up 23.5% on a year-over-year basis. On average, analysts predict that Harbinger Group will post $0.78 earnings per share for the current fiscal year.
Harbinger Group Inc (NYSE:HRG) is a holding company.
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