Pearson (NYSE:PSO) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Pearson (NYSE:PSO) from a sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “

Separately, JPMorgan Chase & Co. set a $45.00 target price on Ciena and gave the company a buy rating in a research report on Friday, March 22nd.

Shares of Pearson stock opened at $10.96 on Wednesday. Pearson has a one year low of $9.70 and a one year high of $13.19. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 11.66 and a beta of 0.09. The company has a 50-day moving average price of $10.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.16 and a quick ratio of 2.06.

A number of hedge funds have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. acquired a new position in Pearson during the 1st quarter valued at about $93,000. CIBC World Markets Inc. acquired a new position in Pearson during the 1st quarter valued at about $275,000. US Bancorp DE boosted its stake in Pearson by 28.3% during the 1st quarter. US Bancorp DE now owns 457,624 shares of the company’s stock valued at $5,025,000 after purchasing an additional 100,955 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Pearson by 21.2% during the 1st quarter. Quadrant Capital Group LLC now owns 12,044 shares of the company’s stock valued at $130,000 after purchasing an additional 2,104 shares during the last quarter. Finally, RFG Advisory LLC acquired a new position in Pearson during the 1st quarter valued at about $176,000. Institutional investors and hedge funds own 1.31% of the company’s stock.

About Pearson

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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