Mar 24, 2016

Posted by in Stock Reports | 0 Comments

Watch these 3 stock Downgrades for investment ideas:PetroChina Company Limited (ADR) (NYSE:PTR), Apache Corporation (NYSE:APA), Nasdaq Inc (NASDAQ:NDAQ)

Watch these 3 stock Downgrades for investment ideas:PetroChina Company Limited (ADR) (NYSE:PTR), Apache Corporation (NYSE:APA), Nasdaq Inc (NASDAQ:NDAQ)

Analysts have been actively evaluating companies as long as there have been stocks, but they’re more popular and get more exposure than ever thanks to round-the-clock stock market news and online resources. Analysts’ notoriety has also increased. But while analysts typically have similar credentials, they aren’t all the same.

The reputation and credibility of a company and the research firm depends on the efforts they make to inform investors. A company does not want to be tarnished by being associated with disreputable research. Similarly, a research firm will only want to analyze companies that have strong fundamentals and long-term investment potential.

PetroChina Company Limited (ADR) (NYSE:PTR) received a stock rating downgrade from Credit Suisse on Wednesday.In a note to investors, the firm issued anUnderperform rating and Neutral rating on the stock. The average analysts that follow this company have a ‘Buy’ rating on this stock, according to Zacks Investment Research. 1 maintain strong buy rating, 0 set the stock as buy, 0 give underperform rating and 0 suggests selling.

Apache Corporation (NYSE:APA) was dropped to Equal Weight from Overweight at CapitalOne. It has earned a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 9 have assigned a hold rating, 1 says it’s a buy and 3 have assigned a strong buy rating to the company.

Nasdaq Inc (NASDAQ:NDAQ) shares were up 0.34% on Wednesday after analysts at Raymond James downgraded the stock to Outperform from Strong Buy rating on the stock. The stock has a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 5 have assigned a hold rating, 2 says it’s a buy, and 4 have assigned a strong buy rating to the company.

 

 

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