NIQ Global Intelligence (NYSE:NIQ) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of NIQ Global Intelligence (NYSE:NIQ) from a buy rating to a hold rating in a research report sent to investors on Monday.

A number of other research firms have also recently issued reports on NIQ. Robert W. Baird set a $20.00 price objective on shares of NIQ Global Intelligence in a research report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d)” rating on shares of NIQ Global Intelligence in a research report on Monday, December 29th. Wells Fargo & Company decreased their price objective on shares of NIQ Global Intelligence from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Citigroup decreased their price objective on shares of NIQ Global Intelligence from $17.50 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $21.00 price objective on shares of NIQ Global Intelligence in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.54.

NIQ Global Intelligence Price Performance

Shares of NYSE:NIQ opened at $10.88 on Monday. The company’s fifty day moving average is $11.44 and its 200 day moving average is $13.94. NIQ Global Intelligence has a 52 week low of $10.05 and a 52 week high of $20.39. The stock has a market cap of $3.21 billion and a PE ratio of 60.46. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.86.

Hedge Funds Weigh In On NIQ Global Intelligence

Several hedge funds and other institutional investors have recently modified their holdings of NIQ. Clearstead Advisors LLC purchased a new position in shares of NIQ Global Intelligence during the third quarter valued at about $26,000. Deutsche Bank AG bought a new stake in NIQ Global Intelligence during the fourth quarter worth about $38,000. BNP Paribas Financial Markets bought a new stake in NIQ Global Intelligence during the third quarter worth about $44,000. Amalgamated Bank bought a new stake in NIQ Global Intelligence during the third quarter worth about $49,000. Finally, State of Wyoming bought a new stake in NIQ Global Intelligence during the third quarter worth about $55,000.

About NIQ Global Intelligence

Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in municipal securities that are exempt from federal income taxes, and seeks to maintain a portfolio with an intermediate effective duration of between 3 and 10 years, including the effects of leverage.