NFLX: Netflix Stock Ticks Lower on Barclays Worries
by Christopher Freeburn | June 26, 2014 12:41 pm
Shares of Netflix (NFLX) slipped about 1% in Thursday midday trading after an analyst initiated coverage of NFLX stock with a weak rating.
Barclays (BCS) analyst Paul Vogel commenced coverage of NFLX with a price target of $420 per share. Vogel has given NFLX stock an “Underweight” rating, Benzinga notes.
On Wednesday, NFLX stock closed at $444.21 per share.
Vogel cited rising competition, fees NFLX has to pay to Internet Service Providers (ISPs) and the stock’s already-high valuation in determining his rating for NFLX shares, TheStreet said.
More Netflix (NFLX) News:
- Sense8: 5 Things to Know About the New Netflix Sci-Fi Series
- NFLX: Netflix Taps Chelsea Handler for Talk Show
- NFLX: Netflix Will Stop Slow Streaming Warnings
- The Verizon-Netflix Slow-Streaming War Heats Up
- Netflix Snags Exclusive With Sherlock Season 3
- NFLX: Netflix Plans to Expand to France, Germany and More
- NFLX: Netflix Is Hogging 1/3 of Peak Internet Traffic
- NFLX: /stock-quotes/NFLX-stock-quote/
- initiated coverage of NFLX stock: http://www.benzinga.com/analyst-ratings/initiation/14/06/4663292/update-barclays-initiates-coverage-on-netflix-upside-alread
- [Image]: http://investorplace.com/wp-content/uploads/2013/10/Netflix-sign-630.jpg
- Flickr: http://www.flickr.com/photos/hackingnetflix/
- BCS: /stock-quotes/BCS-stock-quote/
- determining his rating for NFLX shares: http://www.thestreet.com/story/12758349/1/barclays-pans-netflix-while-rolling-out-internet-stock-ratings.html
- Sense8: 5 Things to Know About the New Netflix Sci-Fi Series: http://investorplace.com/2014/06/sense8-netflix-nflx-stock/
- NFLX: Netflix Taps Chelsea Handler for Talk Show: http://investorplace.com/2014/06/nflx-netflix-chelsea-handler/
- NFLX: Netflix Will Stop Slow Streaming Warnings: http://investorplace.com/2014/06/nflx-neflix-vz-cmcsa/
- The Verizon-Netflix Slow-Streaming War Heats Up: http://investorplace.com/2014/06/verizon-netflix-slow-streaming-lawsuit/
- Netflix Snags Exclusive With Sherlock Season 3: http://investorplace.com/2014/06/netflix-sherlock-season-3/
- NFLX: Netflix Plans to Expand to France, Germany and More: http://investorplace.com/2014/05/nflx-netflix-plans-expand-france-germany/
- NFLX: Netflix Is Hogging 1/3 of Peak Internet Traffic: http://investorplace.com/2014/05/netflix-nflx-goog/
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