Pearson (NYSE:PSO) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Pearson (NYSE:PSO) from a sell rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “

Several other research firms also recently commented on PSO. Deutsche Bank raised shares of Pearson from a sell rating to a hold rating in a research report on Monday, October 21st. Citigroup raised shares of Pearson from a neutral rating to a buy rating in a research report on Monday, July 29th. Finally, UBS Group raised shares of Pearson from a neutral rating to a buy rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Pearson currently has an average rating of Buy and a consensus target price of $10.95.

PSO stock opened at $9.00 on Wednesday. The company has a quick ratio of 1.80, a current ratio of 1.95 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 9.57 and a beta of 0.13. Pearson has a 12 month low of $8.46 and a 12 month high of $13.19. The firm has a 50 day moving average of $9.00 and a two-hundred day moving average of $10.04.

A number of hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in Pearson by 11.1% in the second quarter. Wells Fargo & Company MN now owns 17,346 shares of the company’s stock worth $179,000 after acquiring an additional 1,740 shares in the last quarter. Wetherby Asset Management Inc. grew its position in Pearson by 13.3% in the third quarter. Wetherby Asset Management Inc. now owns 21,005 shares of the company’s stock worth $189,000 after acquiring an additional 2,458 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Pearson by 113.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,942 shares of the company’s stock worth $51,000 after acquiring an additional 2,628 shares in the last quarter. Eqis Capital Management Inc. grew its position in Pearson by 2.7% in the third quarter. Eqis Capital Management Inc. now owns 144,904 shares of the company’s stock worth $1,310,000 after acquiring an additional 3,875 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Pearson by 932.4% in the second quarter. JPMorgan Chase & Co. now owns 7,103 shares of the company’s stock worth $72,000 after acquiring an additional 6,415 shares in the last quarter. 1.26% of the stock is owned by institutional investors.

About Pearson

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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