Naspers Ltd. (OTCMKTS:NPSNY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Naspers Limited is a multinational media group with its principal operations in pay television and Internet subscriber platforms, print media, book publishing, private education and technology markets. The group’s activities are conducted through subsidiaries, joint ventures and associated companies. Naspers’ most significant operations are located in South Africa, and it has major operations elsewhere in Africa, as well as in Greece, Cyprus and Asia. “

Shares of Naspers (OTCMKTS NPSNY) opened at 46.25 on Tuesday. The firm has a market capitalization of $99.79 billion, a P/E ratio of 34.54 and a beta of 1.15. Naspers has a 12-month low of $27.42 and a 12-month high of $54.00. The stock has a 50 day moving average of $45.02 and a 200-day moving average of $41.96.

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About Naspers

Naspers Limited is a global Internet and entertainment company, and a technology investor. The Company operates platforms in Internet, video entertainment and media sectors. The Company’s segments include Internet, Video entertainment, Media and Corporate services. The Company has built various products and services, such as OLX, Avito, letgo, Allegro, eMAG, Flipkart, PayU, MultiChoice, ShowMax, Movile, SimilarWeb and Media24.

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