Altera Stock Rating Upgraded by RBC Capital (ALTR)
Altera (NYSE:ALTR) was upgraded by investment analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $39.00 price target on the stock, up from their previous price target of $36.00. RBC Capital’s target price indicates a potential upside of 19.01% from the stock’s previous close.
Separately, analysts at FBR Capital Markets initiated coverage on shares of Altera in a research note on Thursday, April 3rd. They set an “outperform” rating and a $45.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.71.
Shares of Altera (NYSE:ALTR) traded up 2.03% during mid-day trading on Monday, hitting $33.435. The stock had a trading volume of 858,804 shares. Altera has a 1-year low of $30.73 and a 1-year high of $39.18. The stock’s 50-day moving average is $33.79 and its 200-day moving average is $33.51. The company has a market cap of $10.474 billion and a P/E ratio of 24.10.
Altera Corporation (NYSE:ALTR) is a semiconductor company.
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