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Freescale Semiconductor (NYSE:FSL) was upgraded by equities research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday.

Freescale Semiconductor (NYSE:FSL) traded up 1.34% during mid-day trading on Wednesday, hitting $20.47. The stock had a trading volume of 2,140,569 shares. Freescale Semiconductor has a 52 week low of $13.75 and a 52 week high of $26.00. The stock’s 50-day moving average is $23.24 and its 200-day moving average is $22.06. The company’s market cap is $6.219 billion.

Freescale Semiconductor (NYSE:FSL) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts predict that Freescale Semiconductor will post $1.48 earnings per share for the current fiscal year.

FSL has been the subject of a number of other recent research reports. Analysts at Needham & Company LLC downgraded shares of Freescale Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. Separately, analysts at ISI Group downgraded shares of Freescale Semiconductor from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $24.00 price target on the stock, up previously from $20.00. Finally, analysts at Zacks downgraded shares of Freescale Semiconductor from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $28.30 price target on the stock. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $27.72.

Freescale Semiconductor, Ltd., formerly Freescale Semiconductor Holdings I, Ltd., is a provider of embedded processing solutions.

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