Intel (INTC) Set to Announce Quarterly Earnings on Tuesday
Intel (NASDAQ:INTC) is set to issue its Q214 quarterly earnings data on Tuesday, July 15th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $13.68 million for the quarter.
Shares of Intel (NASDAQ:INTC) opened at 31.25 on Monday. Intel has a 52-week low of $21.89 and a 52-week high of $31.45. The stock has a 50-day moving average of $29.32 and a 200-day moving average of $26.46. The company has a market cap of $155.6 billion and a P/E ratio of 16.73. Intel also was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 174,354,201 shares, a drop of 4.6% from the June 13th total of 182,825,092 shares. Based on an average daily trading volume, of 33,611,053 shares, the days-to-cover ratio is presently 5.2 days. Currently, 3.5% of the company’s stock are sold short.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Intel from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $37.00 price target on the stock. On the ratings front, analysts at Sanford C. Bernstein upgraded shares of Intel from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. Finally, analysts at Bernstein upgraded shares of Intel from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. They now have a $28.00 price target on the stock, up previously from $22.00. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.48.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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