Pearson PLC (ADR) (PSO) was Downgraded by Societe Generale to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Societe Generale advised their investors in a research report released on Jul 7, 2016.
Pearson PLC (ADR) closed down -0.29 points or -2.23% at $12.69 with 3,56,545 shares getting traded on Tuesday. Post opening the session at $12.64, the shares hit an intraday low of $12.57 and an intraday high of $12.73 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education business information and consumer publishing markets. The Company creates and manages intellectual property which it promotes and sells to its customers under brand names to inform educate and entertain. It operates in three segments: North America Core and Growth. It has three lines of business corresponding to the key stages of learning: schools higher education and professional which includes the Financial Times (FT) Group. It delivers its content in a variety of forms and through a variety of channels including books newspapers and online services. The Company offers services as well as content from test creation administration and processing to teacher development and school software. It operates in around 70 countries across the world. Pearson consists of its education business including the FT Group and around 47% interest in Penguin Random House.