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Equity Analysts at SunTrust Increased Snap (NYSE:SNAP) from Sell to Hold Rating

SunTrust Analyst Rating Change Snap NYSE:SNAP

Snap (NYSE:SNAP) Rating Change

New York-listed Snap (NYSE:SNAP), was upgraded by research professionals at SunTrust. The firm upgraded its rating on the $14.94B market cap company to Hold from a previous Sell.

In spite of the stock rating upgrade NYSE:SNAP is right now trading -4.46% lower at $12.41 as of 4:03 PM New York time. Snap’s stock is 0% over the past 200 days. It has underperformed the S&P 500, which has gained 6.00% over the same time period.

Snap (NYSE:SNAP) Profile

Snap Inc., formerly Snapchat, Inc., is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

Snap (NYSE:SNAP) traded down -4.46% on 7 February, hitting $12.41. A total of 30.68 million shares of the company’s stock traded hands. This is up from average of 26.82 million shares. Snap has a 52 week low of $11.28 and a 52 week high of $29.44. The company has a market cap of $14.94 billion and a P/E ratio of 0.

Get the latest Snap (NYSE:SNAP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Equity Analysts at SunTrust Increased Snap (NYSE:SNAP) from Sell to Hold Rating appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Equity Analysts at SunTrust Increased Snap (NYSE:SNAP) from Sell to Hold Rating

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