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Research analysts at Societe Generale assumed coverage on shares of AU Optronics Corp. (NYSE:AUO) in a report released on Friday. The firm set a “buy” rating on the stock.

AU Optronics Corp. (NYSE:AUO) traded up 2.53% on Friday, hitting $4.45. 172,261 shares of the company’s stock traded hands. AU Optronics Corp. has a 52 week low of $2.71 and a 52 week high of $4.74. The stock’s 50-day moving average is $4.29 and its 200-day moving average is $3.70. The company has a market cap of $4.283 billion and a P/E ratio of 17.36.

AU Optronics Corp. (NYSE:AUO) last released its earnings data on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.18. The company had revenue of $102.04 billion for the quarter, compared to the consensus estimate of $101.59 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. Analysts expect that AU Optronics Corp. will post $0.35 EPS for the current fiscal year.

A number of other firms have also recently commented on AUO. Analysts at Zacks upgraded shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $4.70 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a research note on Wednesday, July 30th. Finally, analysts at Sanford C. Bernstein downgraded shares of AU Optronics Corp. from a “market perform” rating to an “underperform” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $4.70.

AU Optronics Corp. is engaged in the research, development, design, manufacture and distribution of flat panel displays.

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