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Microsoft (NASDAQ:MSFT) shares reached a new 52-week high on Friday , reports. The stock traded as high as $41.66 and last traded at $41.46, with a volume of 11,824,573 shares traded. The stock had previously closed at $41.21.

A number of analysts have recently weighed in on MSFT shares. Analysts at FBR Capital Markets upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating in a research note on Thursday. They now have a $49.00 price target on the stock, up previously from $43.00. Separately, analysts at Citigroup Inc. downgraded shares of Microsoft from a “hold” rating to a “sell” rating in a research note on Friday, May 23rd. Finally, analysts at Benchmark Co. reiterated an “average” rating on shares of Microsoft in a research note on Wednesday, May 14th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.70.

The stock’s 50-day moving average is $40.06 and its 200-day moving average is $38.36. The company has a market cap of $342.6 billion and a price-to-earnings ratio of 15.44.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.05. The company had revenue of $20.40 billion for the quarter, compared to the consensus estimate of $20.38 billion. During the same quarter last year, the company posted $0.72 earnings per share. Microsoft’s revenue was down .4% compared to the same quarter last year. Analysts expect that Microsoft will post $2.70 EPS for the current fiscal year.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.

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