Megaport (MGPPF) Downgraded by Goldman Sachs Group to “Neutral”

Goldman Sachs Group cut shares of Megaport (OTCMKTS:MGPPF) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, The Fly reports.

OTCMKTS:MGPPF opened at $3.77 on Wednesday. Megaport has a 52-week low of $2.38 and a 52-week high of $3.77.

About Megaport

Megaport Limited provides elastic interconnection services to the enterprises and service providers in Australia, the Asia-Pacific, North America, and Europe. The company operates a platform that enables customers to connect their network to other services. It also offers Internet exchange services. Megaport Limited has partnership with the Orixcom to enable enterprises and carriers with direct access to managed service providers and cloud service providers.

Further Reading: How to invest in a bear market

The Fly

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