InterDigital Lowered to “Neutral” at Zacks (IDCC)
InterDigital (NASDAQ:IDCC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, AR Network reports. They currently have a $32.40 price objective on the stock. Zacks‘ target price indicates a potential upside of 18.33% from the stock’s previous close.
Shares of InterDigital (NASDAQ:IDCC) traded down 1.61% on Tuesday, hitting $26.94. The stock had a trading volume of 494,846 shares. InterDigital has a 52-week low of $27.61 and a 52-week high of $48.68. The stock has a 50-day moving average of $29.34 and a 200-day moving average of $34.42. The company has a market cap of $1.110 billion and a P/E ratio of 28.91.
InterDigital, Inc (NASDAQ:IDCC) designs and develops advanced technologies for wireless communications.
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