Freescale Semiconductor Ltd Rating Reiterated by Deutsche Bank (FSL)
Freescale Semiconductor Ltd (NYSE:FSL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, StockRatingsNetwork.com reports. They currently have a $20.00 target price on the stock. Deutsche Bank’s price target points to a potential upside of 21.88% from the company’s current price.
A number of other analysts have also recently weighed in on FSL. Analysts at RBC Capital reiterated a “buy” rating on shares of Freescale Semiconductor Ltd in a research note to investors on Friday. Separately, analysts at Zacks upgraded shares of Freescale Semiconductor Ltd from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, October 7th. They now have a $17.50 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Freescale Semiconductor Ltd currently has a consensus rating of “Hold” and an average price target of $17.64.
Shares of Freescale Semiconductor Ltd (NYSE:FSL) traded down 5.79% during mid-day trading on Friday, hitting $15.46. The stock had a trading volume of 3,841,284 shares. Freescale Semiconductor Ltd has a one year low of $7.63 and a one year high of $17.44. The stock’s 50-day moving average is $15.22 and its 200-day moving average is $15.07. The company’s market cap is $3.978 billion.
Freescale Semiconductor Ltd (NYSE:FSL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.