Advanced Semiconductor Engineering Rating Increased to Buy at Credit Agricole (ASX)
Advanced Semiconductor Engineering (NYSE:ASX) was upgraded by stock analysts at Credit Agricole from an “outperform” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
Advanced Semiconductor Engineering (NYSE:ASX) opened at 5.846 on Monday. Advanced Semiconductor Engineering has a 52 week low of $3.87 and a 52 week high of $5.87. The stock has a 50-day moving average of $5.46 and a 200-day moving average of $5.00. The company has a market cap of $8.898 billion and a price-to-earnings ratio of 15.55.
Advanced Semiconductor Engineering (NYSE:ASX) last released its earnings data on Friday, February 7th. The company reported $0.12 earnings per share for the quarter. Analysts expect that Advanced Semiconductor Engineering will post $0.43 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale upgraded shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Analysts at Deutsche Bank downgraded shares of Advanced Semiconductor Engineering from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy”.
Advanced Semiconductor Engineering, Inc is principally engaged in the manufacture, assembly, processing, testing and distribution of integrated circuits (NYSE:ASX).
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