Infineon Technologies AG Stock Rating Upgraded by HSBC (IFNNY)
Infineon Technologies AG (NASDAQ:IFNNY) was upgraded by equities researchers at HSBC from a “neutral” rating to an “overweight” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
IFNNY has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein downgraded shares of Infineon Technologies AG from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Infineon Technologies AG from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Infineon Technologies AG in a research note to investors on Wednesday, November 20th. They now have a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.00.
Infineon Technologies AG (NASDAQ:IFNNY) traded down 1.68% on Friday, hitting $10.26. The stock had a trading volume of 33,102 shares. Infineon Technologies AG has a one year low of $7.03 and a one year high of $10.95. The stock’s 50-day moving average is $10.34 and its 200-day moving average is $9.82. The company has a market cap of $11.030 billion and a P/E ratio of 31.91.
Infineon Technologies AG (NASDAQ:IFNNY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.03 earnings per share (EPS) for the quarter. Analysts expect that Infineon Technologies AG will post $0.49 EPS for the current fiscal year.
Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications.
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