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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.

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