Broadcom Corp. Stock Rating Upgraded by B. Riley (BRCM)
Broadcom Corp. (NASDAQ:BRCM) was upgraded by research analysts at B. Riley from a “neutral” rating to a “buy” rating in a report released on Monday, TheFlyOnTheWall.com reports.
Broadcom Corp. (NASDAQ:BRCM) traded down 0.66% on Monday, hitting $28.72. 7,235,957 shares of the company’s stock traded hands. Broadcom Corp. has a one year low of $23.25 and a one year high of $37.85. The stock has a 50-day moving average of $28.23 and a 200-day moving average of $27.97. The company has a market cap of $16.313 billion and a P/E ratio of 33.34.
A number of other firms have also recently commented on BRCM. Analysts at Canaccord Genuity raised their price target on shares of Broadcom Corp. from $32.00 to $35.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Oppenheimer downgraded shares of Broadcom Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, December 16th. They now have a $37.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Broadcom Corp. from $31.00 to $34.00 in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $32.81.
Broadcom Corporation (NASDAQ:BRCM) is a global semiconductor solution for wired and wireless communications.
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