Citigroup Downgrades Flutter Entertainment (OTCMKTS:PDYPY) to Neutral

Flutter Entertainment (OTCMKTS:PDYPYGet Rating) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, The Fly reports.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley raised their price target on Flutter Entertainment from £156 ($188.50) to £158 ($190.91) in a research note on Monday, August 15th. JPMorgan Chase & Co. lifted their price target on Flutter Entertainment from £126 ($152.25) to £128 ($154.66) in a research report on Monday, August 15th. JMP Securities assumed coverage on Flutter Entertainment in a research report on Tuesday, June 28th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Flutter Entertainment from £134.50 ($162.52) to £138.20 ($166.99) in a research report on Tuesday, June 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $14,055.00.

Flutter Entertainment Stock Down 2.5 %

Shares of OTCMKTS PDYPY opened at $54.96 on Wednesday. Flutter Entertainment has a one year low of $43.71 and a one year high of $108.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50-day moving average price of $56.84 and a two-hundred day moving average price of $55.46.

Flutter Entertainment Company Profile

(Get Rating)

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.

Further Reading

The Fly logo

Analyst Recommendations for Flutter Entertainment (OTCMKTS:PDYPY)

Receive News & Ratings for Flutter Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flutter Entertainment and related companies with's FREE daily email newsletter.