Zacks Investment Research Lowers PADDY PWR BETFA/ADR (OTCMKTS:PDYPY) to Sell

Zacks Investment Research lowered shares of PADDY PWR BETFA/ADR (OTCMKTS:PDYPY) from a hold rating to a sell rating in a research report released on Thursday, Zacks.com reports.

According to Zacks, “Flutter Entertainment PLC is involved in bookmaking business. Its brands portfolio consists of Betfair, Paddy Power, Sportsbet, TVG and FanDuel. Flutter Entertainment PLC, formerly known as Paddy Power Betfair plc, is based in DUBLIN, Ireland. “

Separately, JPMorgan Chase & Co. initiated coverage on shares of PADDY PWR BETFA/ADR in a research note on Friday, October 11th. They issued a neutral rating for the company.

OTCMKTS:PDYPY traded up $0.92 during trading hours on Thursday, reaching $54.12. The company’s stock had a trading volume of 11,534 shares, compared to its average volume of 18,201. The company has a market capitalization of $8.86 billion, a P/E ratio of 21.47 and a beta of 0.88. PADDY PWR BETFA/ADR has a 12 month low of $35.16 and a 12 month high of $54.31. The stock has a 50 day moving average price of $49.93 and a two-hundred day moving average price of $42.94.

About PADDY PWR BETFA/ADR

Paddy Power Betfair plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the Unites States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports betting and pari-mutuel betting products; fixed odds games betting; online games and casino; peer to peer games, including online bingo and poker; and business-to-business services.

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