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Shares of Symantec (NASDAQ:SYMC) have been given an average recommendation of “Hold” by the twenty analysts that are currently covering the stock, StockRatingsNetwork reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $23.13.

SYMC has been the subject of a number of recent research reports. Analysts at Topeka Capital Markets reiterated a “hold” rating on shares of Symantec in a research note on Friday, August 15th. They now have a $25.50 price target on the stock, up previously from $24.00. Separately, analysts at Piper Jaffray initiated coverage on shares of Symantec in a research note on Tuesday, August 12th. They set a “neutral” rating and a $26.00 price target on the stock. Finally, analysts at JMP Securities raised their price target on shares of Symantec from $26.00 to $27.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock.

Symantec (NASDAQ:SYMC) traded up 0.25% on Thursday, hitting $24.34. 371,867 shares of the company’s stock traded hands. Symantec has a 1-year low of $17.95 and a 1-year high of $26.48. The stock’s 50-day moving average is $23.52 and its 200-day moving average is $21.62. The company has a market cap of $16.806 billion and a P/E ratio of 17.33.

Symantec (NASDAQ:SYMC) last released its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.03. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company posted $0.44 earnings per share. Symantec’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Symantec will post $1.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Monday, August 25th.

Symantec Corporation, is a security, backup and availability solutions. The Company’s products and services protect people and information in any digital environment from the smallest mobile device, to the enterprise data center, to cloud-based systems.

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