Square Enix (OTCMKTS:SQNXF) Raised to Strong-Buy at Sanford C. Bernstein

Square Enix (OTCMKTS:SQNXF) was upgraded by Sanford C. Bernstein from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Square Enix Price Performance

SQNXF stock opened at $18.22 on Tuesday. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 24.29 and a beta of 0.50. The company has a fifty day moving average price of $15.88 and a 200 day moving average price of $15.96. Square Enix has a 12 month low of $14.05 and a 12 month high of $26.07.

Square Enix (OTCMKTS:SQNXF) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.10. The business had revenue of $492.09 million for the quarter, compared to analysts’ expectations of $412.01 million.

Square Enix Company Profile

Square Enix Holdings Co, Ltd., trading in the U.S. over-the-counter as SQNXF, is a Tokyo-based entertainment company widely recognized for its development and publishing of interactive digital entertainment. Formed in 2003 through the merger of Square Co, Ltd. and Enix Corporation, the company has built a reputation for producing narrative-driven role-playing game (RPG) franchises. Its flagship series include Final Fantasy, Dragon Quest and Kingdom Hearts, each of which has generated critical acclaim, spin-off media and merchandising opportunities around the world.

The company’s core business activities span the creation, marketing and distribution of video game software across console, PC and mobile platforms.