Line Corp Receives a Hold from Jefferies

By Carrie Williams

Jefferies analyst Atul Goyal maintained a Hold rating on Line Corp (NYSE: LN) yesterday. The company’s shares closed yesterday at $38.44, close to its 52-week low of $36.01.

Goyal has an average return of 0.6% when recommending Line Corp.

According to TipRanks.com, Goyal is ranked #1682 out of 4239 analysts.

Line Corp has an analyst consensus of Moderate Sell.

Based on Line Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $351 million and quarterly net profit of $26.92 million. In comparison, last year the company earned revenue of $236 million and had a GAAP net loss of $15.85 million.

LINE Corp. develops and operates smart phone applications. Its services are allows users to use free calls and messaging with other LINE users, regardless of which mobile network provider they are using. It also develops and delivers online mobile games and stickers. The company was founded on September 4, 2000 and is headquartered in Tokyo, Japan.