Nintendo (OTCMKTS:NTDOY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Nintendo (OTCMKTS:NTDOY – Get Rating) from a buy rating to a hold rating in a research note published on Saturday morning, Zacks.com reports.

According to Zacks, “NINTENDO LTD is the acknowledged worldwide leader in the creation of interactive entertainment. Nintendo has created such industry icons as Mario and Donkey Kong and launched franchises like The Legend of Zelda and Pokémon. Nintendo manufactures and markets hardware and software for its popular home video game systems, including Nintendo 64 and Game Boy – the world’s best-selling video game system. “

Several other equities research analysts have also weighed in on the company. Macquarie raised Nintendo from a neutral rating to an outperform rating in a research report on Wednesday, March 23rd. Nomura initiated coverage on Nintendo in a report on Thursday, January 27th. They issued a buy rating on the stock. Finally, Jefferies Financial Group upgraded Nintendo from a hold rating to a buy rating in a research note on Wednesday, February 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Buy and an average price target of $206.23.

Shares of Nintendo stock opened at $55.56 on Friday. The business has a 50-day moving average of $61.40 and a 200 day moving average of $59.89. Nintendo has a 12 month low of $52.44 and a 12 month high of $78.89. The stock has a market capitalization of $57.72 billion, a price-to-earnings ratio of 12.37 and a beta of 0.54.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gagnon Securities LLC boosted its position in shares of Nintendo by 2.5% in the first quarter. Gagnon Securities LLC now owns 15,966 shares of the company’s stock worth $1,014,000 after buying an additional 396 shares during the period. Renaissance Group LLC boosted its holdings in Nintendo by 0.3% in the third quarter. Renaissance Group LLC now owns 135,537 shares of the company’s stock valued at $8,031,000 after purchasing an additional 467 shares during the last quarter. Ativo Capital Management LLC boosted its holdings in Nintendo by 9.7% in the third quarter. Ativo Capital Management LLC now owns 25,123 shares of the company’s stock valued at $1,489,000 after purchasing an additional 2,224 shares during the last quarter. Lyrical Asset Management LP purchased a new position in Nintendo in the first quarter valued at about $918,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Nintendo by 34.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 58,600 shares of the company’s stock valued at $3,420,000 after purchasing an additional 15,100 shares during the last quarter. 0.05% of the stock is owned by institutional investors.

Nintendo Company Profile (Get Rating)

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and distributes electronic entertainment products in Japan, the Americas, Europe, and internationally. It offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.

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