London Stock Exchange Group (OTCMKTS:LNSTY) Trading Down 0.7% - Should You Sell?

Key Points

• The London Stock Exchange Group (OTCMKTS:LNSTY) experienced a trading decline of 0.7%, closing at $29.87 after hitting a low of $29.81.
• BNP Paribas upgraded the stock from a "hold" rating to a "strong-buy" rating, contributing to its current average rating of "Strong Buy" from multiple analysts.
• The company announced a $0.124 dividend to be paid on October 2nd, representing a substantial yield of 107.0%.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) fell 0.7% during trading on Wednesday . The company traded as low as $29.81 and last traded at $29.87. 5,361,256 shares traded hands during trading, an increase of 229% from the average session volume of 1,628,210 shares. The stock had previously closed at $30.09.

Analyst Ratings Changes

Separately, BNP Paribas upgraded shares of London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, London Stock Exchange Group presently has an average rating of "Strong Buy".

London Stock Exchange Group Stock Performance

The stock's 50-day moving average price is $33.18 and its 200-day moving average price is $36.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.00 and a quick ratio of 1.00.

London Stock Exchange Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Monday, August 18th will be given a $0.124 dividend. This represents a dividend yield of 107.0%. The ex-dividend date is Friday, August 15th.

London Stock Exchange Group Company Profile

London Stock Exchange Group plc operates as a financial markets infrastructure and data provider primarily in the United Kingdom and internationally. The company operates in three segments: Data & Analytics, Capital Markets, and Post Trade. It operates a range of international equity, fixed income, exchange-traded funds/exchange-traded products, and foreign exchange markets through the London Stock Exchange, AIM, Turquoise, FXall, Matching, and Tradeweb.