Advanced Micro Devices Given Consensus Recommendation of “Hold” by Analysts (NYSE:AMD)
Shares of Advanced Micro Devices (NYSE:AMD) have earned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the stock, Analyst Ratings Network reports. Nine equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $3.95.
Shares of Advanced Micro Devices (NYSE:AMD) opened at 4.15 on Tuesday. Advanced Micro Devices has a 52-week low of $3.04 and a 52-week high of $4.80. The stock has a 50-day moving average of $4.11 and a 200-day moving average of $4.00. The company has a market cap of $3.177 billion and a P/E ratio of 39.07.
Advanced Micro Devices (NYSE:AMD) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 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 24.1% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices will post $0.12 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Advanced Micro Devices from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $4.25 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Friday, July 18th. They now have a $3.50 price target on the stock, down previously from $4.00.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.
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