Nintendo (OTCMKTS:NTDOY) Downgraded by Zacks Investment Research

Nintendo (OTCMKTS:NTDOYGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday, Zacks.com reports.

According to Zacks, “NINTENDO LTD is the acknowledged worldwide leader in the creation of interactive entertainment. Nintendo has created such industry icons as Mario and Donkey Kong and launched franchises like The Legend of Zelda and Pokémon. Nintendo manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy – the world’s best-selling video game system. “

NTDOY has been the subject of several other reports. Macquarie upgraded Nintendo from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 23rd. Jefferies Financial Group upgraded Nintendo from a “hold” rating to a “buy” rating in a research report on Wednesday, February 16th. Finally, Nomura assumed coverage on Nintendo in a report on Thursday, January 27th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $206.23.

Shares of Nintendo stock opened at $55.57 on Friday. Nintendo has a 1 year low of $52.44 and a 1 year high of $78.89. The company has a market capitalization of $57.73 billion, a P/E ratio of 12.38 and a beta of 0.54. The business has a 50 day moving average price of $61.68 and a 200 day moving average price of $59.84.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Group LLC raised its holdings in Nintendo by 0.3% in the 3rd quarter. Renaissance Group LLC now owns 135,537 shares of the company’s stock valued at $8,031,000 after acquiring an additional 467 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Nintendo by 57.0% during the 1st quarter. Pacer Advisors Inc. now owns 92,512 shares of the company’s stock worth $5,820,000 after buying an additional 33,590 shares during the last quarter. Alan B. Lancz & Associates Inc. acquired a new stake in shares of Nintendo during the 4th quarter worth $3,607,000. Todd Asset Management LLC increased its holdings in shares of Nintendo by 34.7% during the 4th quarter. Todd Asset Management LLC now owns 58,600 shares of the company’s stock worth $3,420,000 after buying an additional 15,100 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Nintendo by 34.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 58,600 shares of the company’s stock worth $3,420,000 after buying an additional 15,100 shares during the last quarter. Institutional investors own 0.05% of the company’s stock.

Nintendo Company Profile (Get Rating)

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and distributes electronic entertainment products in Japan, the Americas, Europe, and internationally. It offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.

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