Nintendo Co. (NTDOY) Rating Lowered to Neutral at Macquarie
Nintendo Co. (OTCMKTS:NTDOY) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Other analysts have also recently issued reports about the company. Credit Agricole SA restated a “sell” rating on shares of Nintendo in a research report on Friday, July 15th. Zacks Investment Research upgraded Nintendo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Deutsche Bank AG cut Nintendo from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Jefferies Group reiterated a “buy” rating on shares of Nintendo in a research report on Friday, July 15th. Finally, Bank of America Corp. upgraded Nintendo from a “neutral” rating to a “buy” rating in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.00.
Nintendo (OTCMKTS:NTDOY) traded up 0.19% on Thursday, reaching $31.27. The company had a trading volume of 207,385 shares. Nintendo has a 12 month low of $15.34 and a 12 month high of $38.25. The company’s market capitalization is $30.05 billion. The company’s 50 day moving average price is $31.52 and its 200-day moving average price is $23.81.
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An institutional investor recently raised its position in Nintendo stock. Parametric Portfolio Associates LLC raised its position in Nintendo Co. (OTCMKTS:NTDOY) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,277 shares of the company’s stock after buying an additional 17,031 shares during the period. Parametric Portfolio Associates LLC’s holdings in Nintendo were worth $4,948,000 at the end of the most recent reporting period. 0.13% of the stock is owned by institutional investors and hedge funds.
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