Freescale Semiconductor Ltd Stock Rating Upgraded by Zacks (FSL)
Freescale Semiconductor Ltd (NYSE:FSL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, ARN reports. The firm currently has a $17.50 target price on the stock. Zacks‘ price target would indicate a potential upside of 7.49% from the company’s current price.
Freescale Semiconductor Ltd (NYSE:FSL) traded down 1.21% during mid-day trading on Monday, hitting $16.28. 1,299,126 shares of the company’s stock traded hands. Freescale Semiconductor Ltd has a one year low of $7.63 and a one year high of $17.44. The stock has a 50-day moving average of $15.77 and a 200-day moving average of $15.20. The company’s market cap is $4.189 billion.
Freescale Semiconductor Ltd (NYSE:FSL) last released its earnings data on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis.
A number of other analysts have also recently weighed in on FSL. Analysts at Needham & Company reiterated a “positive” rating on shares of Freescale Semiconductor Ltd in a research note to investors on Thursday, September 19th. They now have a $20.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Freescale Semiconductor Ltd in a research note to investors on Friday, August 16th. They set an “underweight” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Freescale Semiconductor Ltd from $18.00 to $19.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.80.
Freescale Semiconductor, Inc manufactures microcontrollers, microprocessors and semiconductors. The Company offers microcontroller solutions, such as the components of embedded control systems, including embedded processors, microcontrollers, and embedded microprocessors that are used in automotive, consumer, industrial, and computer peripheral applications.
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