Naspers (OTCMKTS:NPSNY) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Naspers (OTCMKTS:NPSNY) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.

Several other research analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Naspers from a “buy” rating to a “hold” rating in a report on Monday, February 23rd. Barclays reissued an “overweight” rating on shares of Naspers in a report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Naspers Trading Down 4.3%

Shares of Naspers stock opened at $10.23 on Tuesday. Naspers has a 1 year low of $8.34 and a 1 year high of $15.15. The company’s fifty day simple moving average is $11.61 and its 200-day simple moving average is $21.98. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.66 and a current ratio of 3.72.

About Naspers

Naspers is a South African multinational holding company headquartered in Cape Town with principal interests in internet, technology and media businesses. Founded in 1915 as a publisher, the company evolved from traditional newspaper and magazine publishing into a diversified media group with pay-television and publishing operations in South Africa and other markets. Over time Naspers shifted strategy toward technology investments and online platforms, building a global portfolio focused on marketplaces, payments, classifieds and food delivery services.

A defining moment in the company’s modern history was its early investment in China’s Tencent, which helped reshape Naspers into a significant global investor in internet companies.