LG Display Co., Ltd. (NYSE:LPL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.

According to Zacks, “LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea. “

Other research analysts also recently issued reports about the company. BidaskClub downgraded LG Display Co. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. ValuEngine raised LG Display Co. from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Finally, CLSA downgraded LG Display Co. from an “outperform” rating to an “underperform” rating in a research note on Thursday, April 27th. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. LG Display Co. presently has a consensus rating of “Hold” and a consensus price target of $15.09.

Shares of LG Display Co. (NYSE:LPL) traded down 2.11% during midday trading on Friday, reaching $15.76. 1,302,363 shares of the company’s stock were exchanged. The stock has a market cap of $11.28 billion, a P/E ratio of 8.42 and a beta of 0.39. LG Display Co. has a one year low of $11.26 and a one year high of $16.97. The company’s 50-day moving average is $14.91 and its 200-day moving average is $13.49.

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A number of hedge funds and other institutional investors have recently bought and sold shares of LPL. Bank of New York Mellon Corp increased its position in LG Display Co. by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 13,964 shares of the electronics maker’s stock valued at $191,000 after buying an additional 147 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of LG Display Co. by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 29,802 shares of the electronics maker’s stock valued at $407,000 after buying an additional 159 shares during the last quarter. US Bancorp DE boosted its stake in shares of LG Display Co. by 6.5% in the first quarter. US Bancorp DE now owns 7,794 shares of the electronics maker’s stock valued at $106,000 after buying an additional 473 shares during the last quarter. World Asset Management Inc boosted its stake in shares of LG Display Co. by 1.4% in the first quarter. World Asset Management Inc now owns 44,580 shares of the electronics maker’s stock valued at $607,000 after buying an additional 636 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of LG Display Co. by 1.6% in the first quarter. Comerica Bank now owns 42,310 shares of the electronics maker’s stock valued at $544,000 after buying an additional 680 shares during the last quarter. 3.93% of the stock is owned by hedge funds and other institutional investors.

About LG Display Co.

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

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Analyst Recommendations for LG Display Co. (NYSE:LPL)

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