Logitech International SA Upgraded by TheStreet to “Hold” (LOGI)
Logitech International SA (NASDAQ:LOGI) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Analyst Ratings.Net reports.
The analysts wrote, “Logitech International S.A (LOGI) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.”
LOGI has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Logitech International SA from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, September 27th. They now have a $11.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Logitech International SA presently has an average rating of “Hold” and a consensus target price of $9.00.
Shares of Logitech International SA (NASDAQ:LOGI) traded down 0.81% during mid-day trading on Wednesday, hitting $9.14. The stock had a trading volume of 190,842 shares. Logitech International SA has a 52 week low of $6.24 and a 52 week high of $9.27. The stock has a 50-day moving average of $8.23 and a 200-day moving average of $7.21. The company’s market cap is $1.461 billion.
Logitech International SA (NASDAQ:LOGI) is a provider of personal peripherals for computers and other digital platforms.
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