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Shares of International Business Machines Corp. (NYSE:IBM) was the recipient of some unusual options trading on Friday. Traders purchased 31,533 put options on the company, AnalystRatings.NET reports. This is an increase of approximately 144% compared to the typical daily volume of 12,936 put options.

A number of analysts have recently weighed in on IBM shares. Analysts at Credit Agricole upgraded shares of International Business Machines Corp. from an “outperform” rating to a “buy” rating in a research note to investors on Friday. They now have a $225.00 price target on the stock, up previously from $215.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of International Business Machines Corp. in a research note to investors on Tuesday. Finally, analysts at Atlantic Securities initiated coverage on shares of International Business Machines Corp. in a research note to investors on Monday. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $201.25.

International Business Machines Corp. (NYSE:IBM) traded up 0.70% on Friday, hitting $190.09. The stock had a trading volume of 7,663,870 shares. International Business Machines Corp. has a 52 week low of $172.57 and a 52 week high of $215.90. The stock’s 50-day moving average is $181.7 and its 200-day moving average is $185.3. The company has a market cap of $206.4 billion and a price-to-earnings ratio of 13.07.

International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.

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