NFLX: Netflix Stock Ticks Lower on Barclays Worries

by Christopher Freeburn | June 26, 2014 12:41 pm

Shares of Netflix (NFLX[1]) slipped about 1% in Thursday midday trading after an analyst initiated coverage of NFLX stock[2] with a weak rating.

Netflix sign 630 300x227 NFLX: Netflix Stock Ticks Lower on Barclays Worries[3]
Source: Flickr[4]

Barclays (BCS[5]) 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[6], TheStreet said.

More Netflix (NFLX) News:

  1. NFLX: /stock-quotes/NFLX-stock-quote/
  2. initiated coverage of NFLX stock:
  3. [Image]:
  4. Flickr:
  5. BCS: /stock-quotes/BCS-stock-quote/
  6. determining his rating for NFLX shares:
  7. Sense8: 5 Things to Know About the New Netflix Sci-Fi Series:
  8. NFLX: Netflix Taps Chelsea Handler for Talk Show:
  9. NFLX: Netflix Will Stop Slow Streaming Warnings:
  10. The Verizon-Netflix Slow-Streaming War Heats Up:
  11. Netflix Snags Exclusive With Sherlock Season 3:
  12. NFLX: Netflix Plans to Expand to France, Germany and More:
  13. NFLX: Netflix Is Hogging 1/3 of Peak Internet Traffic:

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