Zacks Investment Research Lowers Pearson, PLC (NYSE:PSO) to Sell
Pearson, PLC (NYSE:PSO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.
According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “
PSO has been the topic of several other reports. Macquarie raised Pearson, PLC from a “neutral” rating to an “outperform” rating in a research note on Friday, July 14th. Kepler Capital Markets cut Pearson, PLC from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Jefferies Group LLC reissued an “underperform” rating on shares of Pearson, PLC in a research note on Monday, March 27th. BidaskClub cut Pearson, PLC from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, BNP Paribas cut Pearson, PLC from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 5th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Pearson, PLC presently has a consensus rating of “Hold” and an average target price of $10.00.
Pearson, PLC (PSO) remained flat at $8.31 during trading on Friday. The company had a trading volume of 355,169 shares. The stock’s 50 day moving average price is $8.83 and its 200 day moving average price is $8.51. The company’s market capitalization is $6.77 billion. Pearson, PLC has a 12-month low of $7.04 and a 12-month high of $12.90.
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Several hedge funds and other institutional investors have recently made changes to their positions in PSO. World Asset Management Inc boosted its position in Pearson, PLC by 1.5% in the first quarter. World Asset Management Inc now owns 51,205 shares of the company’s stock worth $434,000 after buying an additional 744 shares during the period. Karp Capital Management Corp acquired a new position in Pearson, PLC during the first quarter valued at approximately $3,503,000. Bank of Montreal Can raised its position in Pearson, PLC by 68.7% in the first quarter. Bank of Montreal Can now owns 80,289 shares of the company’s stock valued at $681,000 after buying an additional 32,690 shares during the period. Capital Fund Management S.A. acquired a new position in Pearson, PLC during the first quarter valued at approximately $305,000. Finally, Advisors Asset Management Inc. raised its position in Pearson, PLC by 12.9% in the first quarter. Advisors Asset Management Inc. now owns 180,898 shares of the company’s stock valued at $1,534,000 after buying an additional 20,647 shares during the period. 2.04% of the stock is currently owned by hedge funds and other institutional investors.
About Pearson, PLC
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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