Square Enix (SQNXF) Upgraded to Hold by Zacks Investment Research

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Zacks Investment Research upgraded shares of Square Enix (OTCMKTS:SQNXF) from a sell rating to a hold rating in a research note published on Friday.

According to Zacks, “Square Enix Holdings Co., Ltd. engages in the provision of entertainment contents and services. It operating segments consists of Digital Entertainment, Amusement, Publication and Merchandising. Digital Entertainment segment handles the design, development, sale, license sale and operation of digital entertainment contents. Amusement segment provides the design, development, manufacture, sale, and rental of amusement equipment as well as conducts the planning, development and distribution of arcade game machines. Publishing segment provides comic magazines, comics and game related printed books including game strategy books are published by the square enix group. Merchandising segment includes the planning, production, distribution and licensing of derivative products related to the groups original intellectual property as well as third-party IPs. Square Enix Holdings Co., Ltd. is headquartered in Tokyo, Japan. “

Separately, Jefferies Financial Group raised Square Enix from a hold rating to a buy rating in a research note on Tuesday, October 23rd.

OTCMKTS SQNXF traded up $0.45 on Friday, reaching $36.97. 326 shares of the company were exchanged, compared to its average volume of 260. The firm has a market capitalization of $4.34 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 20.27 and a beta of 1.21. Square Enix has a fifty-two week low of $34.30 and a fifty-two week high of $51.00.

Square Enix (OTCMKTS:SQNXF) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share for the quarter. The company had revenue of $416.96 million for the quarter. Square Enix had a return on equity of 10.72% and a net margin of 7.36%. On average, equities research analysts predict that Square Enix will post 1.75 earnings per share for the current fiscal year.

Square Enix Company Profile

Square Enix Holdings Co, Ltd. operates in the content and service businesses in Japan, North America, Europe, and rest of Asia. It operates through four segments: Digital Entertainment, Amusement, Publication, and Merchandising. The Digital Entertainment segment plans, develops, distributes, and operates digital entertainment content primarily in the form of games.

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