Flutter Entertainment (OTCMKTS:PDYPY) Rating Increased to Hold at Zacks Investment Research

Flutter Entertainment (OTCMKTS:PDYPYGet Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Flutter Entertainment PLC is involved in bookmaking business. Its brands portfolio consists of Betfair, Paddy Power, Sportsbet, TVG and FanDuel. Flutter Entertainment PLC, formerly known as Paddy Power Betfair plc, is based in DUBLIN, Ireland. “

A number of other research firms have also weighed in on PDYPY. Berenberg Bank cut their target price on shares of Flutter Entertainment from £155 ($191.10) to £138 ($170.14) in a report on Thursday, March 17th. Citigroup raised shares of Flutter Entertainment from a “sell” rating to a “buy” rating in a report on Tuesday, January 11th. JPMorgan Chase & Co. cut their target price on shares of Flutter Entertainment from £170.10 ($209.72) to £159.90 ($197.14) in a report on Wednesday, March 2nd. Finally, Morgan Stanley cut their target price on shares of Flutter Entertainment from £171 ($210.82) to £169 ($208.36) and set an “overweight” rating for the company in a report on Wednesday, January 12th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $11,693.25.

Shares of PDYPY opened at $51.03 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.35. Flutter Entertainment has a 1 year low of $48.89 and a 1 year high of $108.90. The company has a 50 day simple moving average of $56.00 and a two-hundred day simple moving average of $69.41.

About Flutter Entertainment (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

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Analyst Recommendations for Flutter Entertainment (OTCMKTS:PDYPY)

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