ValuEngine Downgrades Line (LN) to Hold

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Line (NYSE:LN) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other research analysts have also commented on LN. Jefferies Financial Group lowered shares of Line from a “hold” rating to an “underperform” rating in a report on Friday, January 18th. Zacks Investment Research upgraded shares of Line from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. TheStreet lowered shares of Line from a “c” rating to a “d+” rating in a report on Wednesday, October 24th. Finally, Deutsche Bank lowered shares of Line from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Line has a consensus rating of “Hold”.

NYSE:LN opened at $36.63 on Monday. Line has a 52 week low of $27.66 and a 52 week high of $46.48. The company has a quick ratio of 2.60, a current ratio of 2.64 and a debt-to-equity ratio of 0.68.

Several institutional investors have recently modified their holdings of the stock. Financial Gravity Companies Inc. bought a new position in shares of Line in the 4th quarter worth about $173,000. Lenox Wealth Management Inc. increased its stake in shares of Line by 4.8% in the 4th quarter. Lenox Wealth Management Inc. now owns 18,493 shares of the technology company’s stock worth $631,000 after acquiring an additional 846 shares in the last quarter. Henry James International Management Inc. bought a new position in shares of Line in the 3rd quarter worth about $2,981,000. Envestnet Asset Management Inc. bought a new position in shares of Line in the 3rd quarter worth about $3,040,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Line by 212.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,301 shares of the technology company’s stock worth $223,000 after acquiring an additional 3,603 shares in the last quarter. Institutional investors own 2.90% of the company’s stock.

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.

Further Reading: What is the balance sheet?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Line (NYSE:LN)

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