Sony Lowered to “Sell” at UBS AG (SNE)
Sony (NYSE:SNE) was downgraded by research analysts at UBS AG from a “neutral” rating to a “sell” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Sony (NYSE:SNE) traded down 6.46% on Wednesday, hitting $16.50. The stock had a trading volume of 7,163,049 shares. Sony has a 52 week low of $15.23 and a 52 week high of $23.38. The stock has a 50-day moving average of $18.28 and a 200-day moving average of $17.68. The company has a market cap of $17.121 billion and a P/E ratio of 20.37.
Sony (NYSE:SNE) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($132.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($120.90) by $12.07. The company had revenue of $1,870.92 billion for the quarter, compared to the consensus estimate of $1,761.99 billion. During the same quarter in the previous year, the company posted $92.89 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that Sony will post $-1.09 earnings per share for the current fiscal year.
Separately, analysts at Citigroup Inc. upgraded shares of Sony from a “neutral” rating to a “buy” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $22.50.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.