Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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The final week of the February reporting season saw one deviation from prior months: total Hold/Neutral ratings for ASX-listed entities is now the largest group for the eight stockbrokerages monitored daily by FNArena.

This, of course, is the direct result of stockbroking analysts issuing decisively more downgrades than upgrades in their ratings for such stocks, with the index up double-digit percentage since late December, of which some 6% (incl dividends) were added in February.

For the week ending Friday 1 March 2019, FNArena counted 25 downgrades versus seven upgrades, taking the total tallies to respectively 43.06% Hold/Neutral ratings and 42.26% Buy ratings, with the remaining 14.68% on Sell. Only two of the seven upgrades did not move to Buy.

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