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Citrix Systems (NASDAQ:CTXS) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.

Citrix Systems (NASDAQ:CTXS) traded down 0.47% on Wednesday, hitting $61.20. The stock had a trading volume of 3,834,941 shares. Citrix Systems has a 52 week low of $54.52 and a 52 week high of $77.16. The stock’s 50-day moving average is $60.25 and its 200-day moving average is $64.75. The company has a market cap of $11.407 billion and a P/E ratio of 37.04.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Citrix Systems from $70.00 to $72.00 in a research note to investors on Friday, January 10th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Citrix Systems in a research note to investors on Friday, January 3rd. They now have a $66.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Citrix Systems from $70.00 to $74.00 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $74.73.

Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.

The Fly On The Wall

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