LinnCo Stock Rating Upgraded by Zacks (LNCO)
LinnCo (NASDAQ:LNCO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Wednesday. The firm currently has a $28.90 price objective on the stock. Zacks‘s target price would indicate a potential upside of 2.48% from the stock’s previous close.
A number of other firms have also recently commented on LNCO. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of LinnCo in a research note on Tuesday, May 27th. They now have a $31.00 price target on the stock, up previously from $30.00. Separately, analysts at Citigroup Inc. downgraded shares of LinnCo from a “buy” rating to a “neutral” rating in a research note on Friday, April 4th. They now have a $31.50 price target on the stock, down previously from $41.00. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $34.10.
LinnCo (NASDAQ:LNCO) traded up 0.60% on Wednesday, hitting $28.37. The stock had a trading volume of 704,849 shares. LinnCo has a 52-week low of $23.03 and a 52-week high of $39.14. The stock has a 50-day moving average of $27.69 and a 200-day moving average of $29.51. The company’s market cap is $3.646 billion.
The company also recently announced a monthly dividend, which is scheduled for Friday, June 13th. Investors of record on Monday, June 9th will be paid a dividend of $0.2416 per share. This represents a $2.90 annualized dividend and a dividend yield of 10.28%. The ex-dividend date is Thursday, June 5th.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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