The Stars Group Inc. (TSG) Downgraded by BidaskClub

BidaskClub lowered shares of The Stars Group Inc. (NYSE:TSG) from a buy rating to a hold rating in a research note released on Saturday morning.

Separately, Zacks Investment Research upgraded The Stars Group from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research report on Saturday, August 12th.

The Stars Group (NYSE TSG) opened at 20.25 on Friday. The firm’s 50 day moving average price is $19.80 and its 200-day moving average price is $18.32. The Stars Group has a 12-month low of $12.85 and a 12-month high of $20.70. The company has a market capitalization of $2.98 billion and a PE ratio of 28.36.

The Stars Group (NYSE:TSG) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. The business had revenue of $305.31 million during the quarter, compared to the consensus estimate of $319.64 million. The Stars Group’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. On average, equities analysts anticipate that The Stars Group will post $2.24 earnings per share for the current fiscal year.

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A hedge fund recently bought a new stake in The Stars Group stock. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of The Stars Group Inc. (NYSE:TSG) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $204,000.

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