Line Corp (LN) Given Consensus Rating of “Hold” by Brokerages
Line Corp (NYSE:LN) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company.
Several research firms have recently commented on LN. Goldman Sachs Group Inc reissued a “neutral” rating on shares of Line Corp in a research report on Saturday. Morgan Stanley lowered Line Corp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 25th. Zacks Investment Research raised Line Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Finally, CLSA lowered Line Corp from an “underperform” rating to a “sell” rating in a research report on Wednesday, April 26th.
Line Corp (NYSE:LN) traded up 0.91% during midday trading on Tuesday, reaching $33.26. The company’s stock had a trading volume of 77,860 shares. The company has a market cap of $7.28 billion and a P/E ratio of 98.11. The firm has a 50 day moving average price of $36.71 and a 200-day moving average price of $36.35. Line Corp has a 12-month low of $30.90 and a 12-month high of $51.48.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in shares of Line Corp during the third quarter valued at $101,000. Bank of Montreal Can acquired a new position in shares of Line Corp during the first quarter valued at $119,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Line Corp during the fourth quarter valued at $204,000. Sei Investments Co. acquired a new position in shares of Line Corp during the third quarter valued at $346,000. Finally, FNY Partners Fund LP acquired a new position in shares of Line Corp during the fourth quarter valued at $255,000. 4.69% of the stock is owned by hedge funds and other institutional investors.
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Line Corp Company Profile
LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.
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