NFLX: Netflix Stock Ticks Lower on Barclays Worries

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

NFLX: Netflix Stock Ticks Lower on Barclays Worries

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:

Endnotes:
  1. NFLX: /stock-quotes/NFLX-stock-quote/
  2. initiated coverage of NFLX stock: http://www.benzinga.com/analyst-ratings/initiation/14/06/4663292/update-barclays-initiates-coverage-on-netflix-upside-alread
  3. [Image]: http://investorplace.com/wp-content/uploads/2013/10/Netflix-sign-630.jpg
  4. Flickr: http://www.flickr.com/photos/hackingnetflix/
  5. BCS: /stock-quotes/BCS-stock-quote/
  6. determining his rating for NFLX shares: http://www.thestreet.com/story/12758349/1/barclays-pans-netflix-while-rolling-out-internet-stock-ratings.html
  7. Sense8: 5 Things to Know About the New Netflix Sci-Fi Series: http://investorplace.com/2014/06/sense8-netflix-nflx-stock/
  8. NFLX: Netflix Taps Chelsea Handler for Talk Show: http://investorplace.com/2014/06/nflx-netflix-chelsea-handler/
  9. NFLX: Netflix Will Stop Slow Streaming Warnings: http://investorplace.com/2014/06/nflx-neflix-vz-cmcsa/
  10. The Verizon-Netflix Slow-Streaming War Heats Up: http://investorplace.com/2014/06/verizon-netflix-slow-streaming-lawsuit/
  11. Netflix Snags Exclusive With Sherlock Season 3: http://investorplace.com/2014/06/netflix-sherlock-season-3/
  12. NFLX: Netflix Plans to Expand to France, Germany and More: http://investorplace.com/2014/05/nflx-netflix-plans-expand-france-germany/
  13. NFLX: Netflix Is Hogging 1/3 of Peak Internet Traffic: http://investorplace.com/2014/05/netflix-nflx-goog/

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