Line (LN) Upgraded to Underperform by CLSA

Line (NYSE:LN) was upgraded by stock analysts at CLSA from a “sell” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other research analysts have also recently commented on LN. Zacks Investment Research cut Line from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded Line from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. UBS Group upgraded Line from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 31st. BNP Paribas cut Line from a “hold” rating to a “reduce” rating in a research note on Friday, October 27th. Finally, Deutsche Bank upgraded Line from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.00.

Line (LN) opened at $45.43 on Thursday. Line has a 12 month low of $30.90 and a 12 month high of $47.40. The company has a market capitalization of $10,270.00 and a price-to-earnings ratio of 89.08.

Large investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management bought a new position in Line during the 3rd quarter worth $101,000. Advisor Group Inc. raised its position in Line by 103.9% during the 2nd quarter. Advisor Group Inc. now owns 3,293 shares of the technology company’s stock worth $115,000 after purchasing an additional 1,678 shares during the last quarter. Bank of Montreal Can bought a new position in Line during the 1st quarter worth $119,000. Pacad Investment Ltd. bought a new position in Line during the 2nd quarter worth $160,000. Finally, JPMorgan Chase & Co. bought a new position in Line during the 2nd quarter worth $197,000. 3.82% of the stock is owned by institutional investors and hedge funds.

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Line 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.