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Koninklijke Philips Electronics (NYSE:PHG) was downgraded by research analysts at BNP Paribas from a “neutral” rating to an “underperform” rating in a report released on Friday, TheFlyOnTheWall.com reports.

Shares of Koninklijke Philips Electronics (NYSE:PHG) traded down 1.03% on Friday, hitting $34.71. The stock had a trading volume of 603,885 shares. Koninklijke Philips Electronics has a 52-week low of $26.51 and a 52-week high of $38.40. The stock has a 50-day moving average of $36.19 and a 200-day moving average of $34.43. The company has a market cap of $31.702 billion and a price-to-earnings ratio of 11690.00.

Koninklijke Philips Electronics (NYSE:PHG) last released its earnings data on Monday, January 27th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.09. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company posted ($0.39) earnings per share. Koninklijke Philips Electronics’s revenue was up .6% compared to the same quarter last year.

A number of other firms have also recently commented on PHG. Analysts at ING Group downgraded shares of Koninklijke Philips Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Separately, analysts at Barclays downgraded shares of Koninklijke Philips Electronics from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 29th. Finally, analysts at Citigroup Inc. upgraded shares of Koninklijke Philips Electronics from a “neutral” rating to a “buy” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.13.

Koninklijke Philips Electronics N.V. (NYSE:PHG) is the parent company of the Philips Group (Philips).

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