Apple Downgraded by BGC Financial to Hold (AAPL)
Apple (NASDAQ:AAPL) was downgraded by stock analysts at BGC Financial to a “hold” rating in a report issued on Monday, Analyst Ratings.Net reports.
A number of other firms have also recently commented on AAPL. Analysts at Susquehanna reiterated a “positive” rating on shares of Apple in a research note to investors on Tuesday, January 21st. Separately, analysts at Avondale Partners raised their price target on shares of Apple to $700.00 in a research note to investors on Tuesday, January 21st. Finally, analysts at Societe Generale downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, January 21st. They now have a $575.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $605.98.
Shares of Apple (NASDAQ:AAPL) traded up 0.57% during mid-day trading on Monday, hitting $549.20. 6,767,281 shares of the company’s stock traded hands. Apple has a 1-year low of $385.10 and a 1-year high of $575.14. The stock’s 50-day moving average is $552.6 and its 200-day moving average is $504.8. The company has a market cap of $494.1 billion and a price-to-earnings ratio of 13.74.
Apple Inc (NASDAQ:AAPL) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.
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