CARSALES COM LT/ADR (OTCMKTS:CSXXY) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of CARSALES COM LT/ADR (OTCMKTS:CSXXY) from an overweight rating to a neutral rating in a research report released on Wednesday, The Fly reports.

Separately, Jefferies Financial Group upgraded shares of CARSALES COM LT/ADR from a hold rating to a buy rating in a report on Thursday, April 23rd.

Shares of OTCMKTS CSXXY opened at $24.40 on Wednesday. The company’s 50 day simple moving average is $20.66 and its 200 day simple moving average is $20.88. CARSALES COM LT/ADR has a fifty-two week low of $11.18 and a fifty-two week high of $25.96.

About CARSALES COM LT/ADR

carsales.com Ltd engages in online automotive, motorcycle, and marine classifieds business primarily in Australia. The company operates in five segments: Online Advertising Services; Data, Research and Services; Latin America; Asia; and Finance and Related Services. The Online Advertising Services segment provides classified advertising that allows dealers and consumers to advertise automotive and non-automotive goods and services for sale across the carsales network; and services, including subscriptions, lead fees, and priority placement services in automotive and non-automotive Websites.

See Also: What are gap-down stocks?

The Fly

Receive News & Ratings for CARSALES COM LT/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CARSALES COM LT/ADR and related companies with MarketBeat.com's FREE daily email newsletter.