Jefferies Financial Group upgraded shares of Line (NYSE:LN) from an underperform rating to a hold rating in a research report released on Tuesday morning, The Fly reports.
A number of other equities analysts also recently commented on LN. Zacks Investment Research raised Line from a sell rating to a hold rating in a research report on Saturday, October 6th. CLSA raised Line from an underperform rating to a buy rating in a research report on Wednesday, June 27th. ValuEngine raised Line from a hold rating to a buy rating in a research report on Thursday, June 28th. UBS Group raised Line from a neutral rating to a buy rating in a research report on Wednesday, July 18th. Finally, JPMorgan Chase & Co. upgraded Line from a neutral rating to an overweight rating in a research note on Thursday, June 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $47.00.
Shares of Line stock traded up $0.27 on Tuesday, reaching $36.00. 200 shares of the company were exchanged, compared to its average volume of 65,673. Line has a 1-year low of $34.56 and a 1-year high of $47.81. The company has a market cap of $8.66 billion, a PE ratio of 119.10 and a beta of 1.48.
Line Company Profile
LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and related services primarily in Japan, Taiwan, Thailand, Indonesia, and Hong Kong. The company offers LINE, a cross-platform messenger application that enable users to communicate through free instant messaging, stickers, and voice and video calls, as well as serves as a smart portal to its other applications and services.
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