Line Corp (LN) Given Average Rating of “Hold” by Brokerages

Shares of Line Corp (NYSE:LN) have been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company.

Several equities research analysts have weighed in on LN shares. UBS Group upgraded shares of Line from a “neutral” rating to a “buy” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Line from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. ValuEngine upgraded shares of Line from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. JPMorgan Chase & Co. upgraded shares of Line from a “neutral” rating to an “overweight” rating in a report on Thursday, June 21st. Finally, CLSA upgraded shares of Line from an “underperform” rating to a “buy” rating in a report on Wednesday, June 27th.

A number of institutional investors and hedge funds have recently bought and sold shares of LN. Point72 Asset Management L.P. acquired a new stake in Line in the first quarter worth $300,000. Millennium Management LLC acquired a new stake in shares of Line during the first quarter worth $438,000. Bank of Montreal Can raised its holdings in shares of Line by 61.0% during the second quarter. Bank of Montreal Can now owns 14,345 shares of the technology company’s stock worth $589,000 after acquiring an additional 5,436 shares during the period. Lenox Wealth Management Inc. raised its holdings in shares of Line by 7.5% during the second quarter. Lenox Wealth Management Inc. now owns 17,143 shares of the technology company’s stock worth $704,000 after acquiring an additional 1,199 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Line during the first quarter worth $735,000. Institutional investors own 3.07% of the company’s stock.

LN opened at $41.49 on Friday. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 138.30 and a beta of 1.43. Line has a twelve month low of $34.58 and a twelve month high of $47.81.

Line Company Profile

LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and related services primarily in Japan, Taiwan, Thailand, Indonesia, and Hong Kong. The company offers LINE, a cross-platform messenger application that enable users to communicate through free instant messaging, stickers, and voice and video calls, as well as serves as a smart portal to its other applications and services.

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Analyst Recommendations for Line (NYSE:LN)

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