Netflix, Inc. (NASDAQ:NFLX) has been downgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 4, 2016
Yesterday Netflix, Inc. (NASDAQ:NFLX) traded -0.03% lower at $102.96. The company’s 50-day moving average is $97.18 and its 200-day moving average is $96.16. The last stock close price is up 6.70% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 7,864,963 shares of the stock were exchanged, down from an average trading volume of 10,493,300
Zacks Investment Research has downgraded Netflix, Inc. (NASDAQ:NFLX) to Hold in a report released on 10/04/2016.
Previously on Tuesday September 27, 2016, JP Morgan reported about Netflix, Inc. (NASDAQ:NFLX) raised the target price from $116.00 to $125.00. At the time, this indicated a possible upside of 0.29%.
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Netflix, Inc. has a 52 week low of $79.95 and a 52 week high of $133.27 with a P/E ratio of 320.62 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 40 firms have issued a report on the stock. The consensus target price is $117.22 with 6 firms rating the stock a strong buy, 17 firms rating the stock a buy, 15 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 2 firms rating the stock a sell.
About Netflix, Inc. (NASDAQ:NFLX)
Netflix, Inc. (Netflix) is a provider of Internet television network. The Company's members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of digital video disc (DVD)-by-mail. The Company's members can watch television shows and movies directly on their televisions, computers and mobile devices. The Company offers streaming service both domestically and internationally. Its members can play, pause and resume watching, without commercials or commitments. Additionally, in the United States, the Company's members can receive DVDs to their homes.
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