Naspers (OTCMKTS:NPSNY) Upgraded at Zacks Research

Zacks Research upgraded shares of Naspers (OTCMKTS:NPSNY) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Separately, Barclays restated an “overweight” rating on shares of Naspers in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Naspers Trading Down 3.8%

Shares of NPSNY stock opened at $11.76 on Monday. The company has a current ratio of 3.72, a quick ratio of 3.66 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $13.04 and a 200-day moving average of $35.14. Naspers has a one year low of $8.34 and a one year high of $15.15.

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.