Sony Rating Lowered to Neutral at Citigroup Inc. (SNE)
Sony (NYSE:SNE) was downgraded by investment analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Hudson Square Research downgraded shares of Sony from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 6th. Separately, analysts at Zacks upgraded shares of Sony from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 23rd. They now have a $24.20 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Sony in a research note to investors on Monday, July 22nd. They now have a $27.80 price target on the stock, up previously from $26.30. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $26.00.
Sony (NYSE:SNE) opened at 19.75 on Thursday. Sony has a one year low of $9.57 and a one year high of $23.38. The stock’s 50-day moving average is $20.85 and its 200-day moving average is $19.94. The company has a market cap of $19.966 billion and a price-to-earnings ratio of 24.29.
Sony (NYSE:SNE) last released its earnings data on Thursday, August 1st. The company reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by $1.02. The company had revenue of $1,712.00 billion for the quarter, compared to the consensus estimate of $1,686.42 billion. During the same quarter in the prior year, the company posted ($24.55) earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts expect that Sony will post $0.41 EPS for the current fiscal year.
Sony Corporation (NYSE:SNE) is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software.
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