Nintendo Co. (NTDOY) Rating Lowered to Neutral at Macquarie
Nintendo Co. (OTCMKTS:NTDOY) was downgraded by equities research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports.
A number of other research analysts have also commented on NTDOY. Zacks Investment Research lowered Nintendo from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 9th. Goldman Sachs Group Inc. reaffirmed a “hold” rating on shares of Nintendo in a research report on Thursday, September 22nd. Credit Agricole SA reaffirmed a “sell” rating on shares of Nintendo in a research report on Friday, July 15th. Deutsche Bank AG lowered Nintendo from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Nintendo in a research report on Friday, July 15th. 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 company’s stock. Nintendo currently has a consensus rating of “Buy” and an average price target of $36.00.
Shares of Nintendo (OTCMKTS:NTDOY) traded up 0.10% during midday trading on Thursday, reaching $31.24. The company’s stock had a trading volume of 194,935 shares. The stock has a 50-day moving average price of $31.52 and a 200-day moving average price of $23.81. The stock’s market cap is $30.02 billion. Nintendo has a 52-week low of $15.34 and a 52-week high of $38.25.
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An institutional investor recently raised its position in Nintendo stock. Parametric Portfolio Associates LLC boosted its stake in Nintendo Co. (OTCMKTS:NTDOY) by 6.5% during the second quarter, according to its most recent Form 13F 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 as of its most recent filing with the SEC. Institutional investors own 0.13% of the company’s stock.
Nintendo Company Profile
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