Netflix (NASDAQ:NFLX) was downgraded by equities researchers at S&P Equity Research to a “sell” rating in a research report issued on Tuesday, American Banking & Market News reports.
Shares of Netflix (NASDAQ:NFLX) traded down 4.24% during mid-day trading on Tuesday, hitting $339.94. The stock had a trading volume of 12,982,978 shares. Netflix has a 52-week low of $57.40 and a 52-week high of $355.42. The stock has a 50-day moving average of $310.7 and a 200-day moving average of $249.8. The company has a market cap of $20.030 billion and a price-to-earnings ratio of 442.08. Netflix also was the recipient of some unusual options trading on Monday. Stock traders bought 101,638 call options on the stock. This represents an increase of approximately 195% compared to the average volume of 34,456 call options.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 21st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.04. The company had revenue of $905.00 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.13 earnings per share. Netflix’s revenue was up 22.2% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Netflix from $330.00 to $440.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. set a $460.00 price target on shares of Netflix in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Netflix in a research note to investors on Tuesday. They now have a $425.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $274.67.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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