Nintendo (OTCMKTS:NTDOY) Stock Rating Upgraded by Freedom Capital

Nintendo (OTCMKTS:NTDOY) was upgraded by stock analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on NTDOY. Wolfe Research cut Nintendo from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, November 5th. Wedbush downgraded Nintendo from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Nintendo Stock Performance

NTDOY stock opened at $16.70 on Monday. The stock has a market cap of $86.75 billion, a P/E ratio of 31.51 and a beta of 0.59. Nintendo has a twelve month low of $13.94 and a twelve month high of $24.92. The company’s 50 day moving average is $20.51 and its two-hundred day moving average is $21.66.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $464.35 billion. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. On average, equities research analysts predict that Nintendo will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On Nintendo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dorsey Wright & Associates purchased a new position in Nintendo in the 3rd quarter valued at approximately $1,562,000. PNC Financial Services Group Inc. boosted its position in Nintendo by 30.6% during the third quarter. PNC Financial Services Group Inc. now owns 7,891 shares of the company’s stock worth $168,000 after purchasing an additional 1,851 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in Nintendo in the third quarter valued at $1,052,000. Appleton Partners Inc. MA increased its position in shares of Nintendo by 0.7% in the third quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock valued at $2,716,000 after buying an additional 837 shares in the last quarter. Finally, Atlatl Advisers LLC acquired a new position in shares of Nintendo during the 3rd quarter worth $462,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Company Profile

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.