Zacks Investment Research Lowers NINTENDO LTD/ADR (OTCMKTS:NTDOY) to Hold

Zacks Investment Research cut shares of NINTENDO LTD/ADR (OTCMKTS:NTDOY) from a buy rating to a hold rating in a report issued on Friday, 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 brokerages also recently commented on NTDOY. ValuEngine upgraded shares of NINTENDO LTD/ADR from a sell rating to a hold rating in a research report on Friday, April 19th. Macquarie started coverage on shares of NINTENDO LTD/ADR in a research report on Tuesday, June 11th. They issued an outperform rating for the company. Finally, Wedbush upgraded shares of NINTENDO LTD/ADR from a neutral rating to an outperform rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $54.00.

Shares of OTCMKTS:NTDOY traded down $0.83 during mid-day trading on Friday, hitting $46.53. The stock had a trading volume of 246,886 shares, compared to its average volume of 355,114. The stock has a market capitalization of $44.02 billion, a P/E ratio of 24.75 and a beta of 0.96. NINTENDO LTD/ADR has a 12-month low of $31.38 and a 12-month high of $48.68. The firm’s 50 day simple moving average is $46.12.

Several large investors have recently modified their holdings of the stock. Intercontinental Wealth Advisors LLC purchased a new stake in NINTENDO LTD/ADR in the 1st quarter worth approximately $25,000. Private Capital Group LLC lifted its position in NINTENDO LTD/ADR by 20.5% in the 1st quarter. Private Capital Group LLC now owns 1,490 shares of the company’s stock worth $53,000 after buying an additional 253 shares in the last quarter. Bartlett & Co. LLC purchased a new stake in NINTENDO LTD/ADR in the 2nd quarter worth approximately $67,000. Quadrant Capital Group LLC lifted its position in NINTENDO LTD/ADR by 18.8% in the 1st quarter. Quadrant Capital Group LLC now owns 14,352 shares of the company’s stock worth $507,000 after buying an additional 2,274 shares in the last quarter. Finally, Hartwell J M Limited Partnership lifted its position in NINTENDO LTD/ADR by 8.8% in the 2nd quarter. Hartwell J M Limited Partnership now owns 18,500 shares of the company’s stock worth $847,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 0.15% of the company’s stock.

NINTENDO LTD/ADR Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells electronic entertainment products in Japan, the United States, Europe, Australia, Asia, and internationally. It provides video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware and related software.

Read More: Cost of equity and a company’s balance sheet

Get a free copy of the Zacks research report on NINTENDO LTD/ADR (NTDOY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NINTENDO LTD/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NINTENDO LTD/ADR and related companies with MarketBeat.com's FREE daily email newsletter.