Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Netflix (NASDAQ: NFLX) from $285.00 to $260.00 in a research issued note to investors on Friday. They currently have an “overweight” rating on the company’s shares.Separately, analysts at Credit Suisse (NYSE: CS) cut their price target on shares of Netflix to $240.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Also, analysts at Caris & Company downgraded shares of Netflix from an “above average” rating to an “average” rating in a research note to investors on Friday.Netflix, Inc. is a subscription service streaming movies and television episodes over the Internet and sending digital versatile discs (DVDs) by mail to more than 12 million subscribers. The Company’s subscribers can watch unlimited movies and television episodes streamed to their televisions and computers, and can receive DVDs delivered to their homes. The Company offers a variety of subscription plans, with no due dates, no late fees, no shipping fees and no pay-per-view fees. Subscribers can select from a library of titles that can be watched and a range of titles on DVD. On average, approximately two million discs are shipped daily from the Company’s distribution centers across the United States. In September 2010, the Company launched Canadian service for streaming movies and television episodes over Internet.Netflix last announced its quarterly results on Monday, July 25th. The company reported $1.26 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.12 EPS by $0.14. The company’s quarterly revenue was up 51.7% on a year-over-year basis. On average, analysts predict that Netflix will post $1.23 EPS next quarter. Shares of Netflix traded down 8.53% during mid-day trading on Friday, hitting $154.82. Netflix has a 52 week low of $140.02 and a 52 week high of $304.79. The stock’s 50-day moving average is $228.3 and its 200-day moving average is $241.8. The company has a market cap of $8.134 billion and a price-to-earnings ratio of 42.95. Stay on top of analysts' coverage with our daily email newsletter that provides a concise list of analysts’ upgrades, analysts’ downgrades and analysts’ price target changes for each day. Click here to register.