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Intel (NASDAQ:INTC)‘s stock had its “sell” rating reaffirmed by equities researchers at Ascendiant Capital Markets in a research report issued on Wednesday. They currently have a $24.00 target price on the stock. Ascendiant Capital Markets’ price objective points to a potential downside of 24.31% from the stock’s previous close.

A number of other firms have also recently commented on INTC. Analysts at Goldman Sachs raised their price target on shares of Intel from $18.00 to $20.00 in a research note on Wednesday. They now have a “sell” rating on the stock. Separately, analysts at Drexel Hamilton raised their price target on shares of Intel from $40.00 to $50.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of Intel to $37.00 in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.71.

Shares of Intel (NASDAQ:INTC) opened at 33.785 on Wednesday. Intel has a one year low of $21.89 and a one year high of $31.80. The stock has a 50-day moving average of $29.54 and a 200-day moving average of $26.56. The company has a market cap of $168.2 billion and a price-to-earnings ratio of 16.97. Intel also was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 174,354,201 shares, a decrease of 4.6% from the June 13th total of 182,825,092 shares. Based on an average daily volume of 33,611,053 shares, the days-to-cover ratio is currently 5.2 days. Currently, 3.5% of the shares of the company are sold short.

Intel (NASDAQ:INTC) last released its earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.03. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.68 million. During the same quarter last year, the company posted $0.39 earnings per share. Intel’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that Intel will post $2.03 EPS for the current fiscal year.

Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.

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