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Pearson PLC (NYSE:PSO) was downgraded by research analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a report released on Wednesday, reports.

Shares of Pearson PLC (NYSE:PSO) opened at 19.03 on Wednesday. Pearson PLC has a 52 week low of $16.58 and a 52 week high of $22.40. The stock’s 50-day moving average is $19.0 and its 200-day moving average is $19.16. The company has a market cap of $15.401 billion and a price-to-earnings ratio of 17.04. Pearson PLC also was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 553,714 shares, a drop of 69.2% from the April 30th total of 1,796,600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 311,971 shares, the days-to-cover ratio is presently 1.8 days.

PSO has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Pearson PLC from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $20.10 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Pearson PLC in a research note on Tuesday, May 6th. Finally, analysts at Deutsche Bank reiterated a “sell” rating on shares of Pearson PLC in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.10.

Pearson plc (NYSE:PSO) is an international media and education company with its principal operations in the education, business information and consumer publishing markets.

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