Publish date:

Netflix Slips on Axiom Analysts' Sell Rating

Shares of the streaming-video service slipped Monday as Axiom rated its stock a SELL.

Shares of Netflix (NFLX) - Get Netflix, Inc. (NFLX) Report were lower Monday after analysts with Axiom initiated coverage on the media company with a SELL rating and $80 price target. The analysts highlighted that the California-based video streaming service is contending with heavy competition and may be encountering declining pricing power, which could add pressures in Netflix's hopes of meeting consensus targets. Meanwhile, TheStreet Ratings team rates the stock as a HOLD with a ratings score of C+, and an emphasis on the company's ability to expand profit margins and maintain reasonable debt levels. Netflix shares are down roughly 15% on the year.

Employees of TheStreet are restricted from owning individual securities.

TheStreet Recommends