Investors Buy Large Volume of Sony Call Options (SNE)
Shares of Sony (NYSE:SNE) were the target of unusually large options trading activity on Thursday. Traders acquired 11,392 call options on the company, ARN reports. This is an increase of approximately 235% compared to the typical daily volume of 3,400 call options.
A number of research firms have recently commented on SNE. Analysts at Jefferies Group upgraded shares of Sony from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $20.80 price target on the stock, up previously from $17.70. Separately, analysts at UBS AG initiated coverage on shares of Sony in a research note to investors on Tuesday, December 3rd. They set a “sell” rating and a $399.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Sony from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Sony currently has a consensus rating of “Buy” and a consensus target price of $148.00.
Sony (NYSE:SNE) opened at 16.52 on Friday. Sony has a one year low of $13.75 and a one year high of $23.38. The stock’s 50-day moving average is $17.00 and its 200-day moving average is $19.08. The company has a market cap of $17.142 billion and a P/E ratio of 20.00.
Sony (NYSE:SNE) last posted its quarterly earnings results on Thursday, February 6th. The company reported $26.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.60 by $11.40. The company had revenue of $2,412.82 billion for the quarter, compared to the consensus estimate of $2,194.57 billion. During the same quarter in the previous year, the company posted ($10.72) earnings per share. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. Analysts expect that Sony will post $0.18 EPS for the current fiscal year.
Sony Corporation (NYSE:SNE) is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software.
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