Zacks Investment Research downgraded shares of Ladbrokes PLC (OTCMKTS:LDBKY) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, Marketbeat reports.

According to Zacks, “Hilton Group is a global company operating in the hospitality and betting markets with the leading brand names of Hilton and Ladbroke. The group intends to enhance shareholder value by maximising its prime position in these international markets both of which are expected to experience significant long-term growth. They have two operating divisions-Hilton International which owns the rights to the Hilton name outside the USA and Ladbrokes Betting and Gaming which is one of the world’s largest commercial off-track betting and gaming organisations. “

Ladbrokes PLC (OTCMKTS:LDBKY) remained flat at $1.77 during mid-day trading on Friday. Ladbrokes PLC has a 52 week low of $1.37 and a 52 week high of $2.17. The stock’s market capitalization is $1.63 billion. The stock’s 50-day moving average is $1.68 and its 200-day moving average is $1.65.

Other analysts have also recently issued reports about the stock. Davy Research reaffirmed a neutral rating on shares of Ladbrokes PLC in a research report on Tuesday. Numis Securities Ltd raised shares of Ladbrokes PLC from a hold rating to a buy rating in a research report on Wednesday, January 6th. Goodbody Stockbrokers Ltd reaffirmed a hold rating on shares of Ladbrokes PLC in a research report on Friday, October 9th. Shore Capital reaffirmed a hold rating on shares of Ladbrokes PLC in a research report on Thursday, October 22nd. Finally, Beaufort Securities reaffirmed a hold rating on shares of Ladbrokes PLC in a research report on Friday, October 23rd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold.

Ladbrokes plc is engaged in the betting and gaming industry. The Company has approximately 2,700 betting outlets in the United Kingdom, Ireland, Belgium and Spain. Its segments include UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. The UK Retail segment comprises betting activities in the shop estate in Great Britain. The European Retail segment comprises all activities connected with the Ireland (OTCMKTS:LDBKY), Belgium and Spain shop estates. The Digital segment comprises betting and gaming activities from online and mobile operations, which includes Ladbrokes Israel, Ladbrokes Australia and Betdaq. The Core Telephone Betting segment comprises activities relating to bets taken on the telephone, excluding High Rollers. The High Rollers segment comprises activities primarily relating to bets taken on the telephone by High Rollers.

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