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AU Optronics Corp. (NYSE:AUO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday. They currently have a $5.00 target price on the stock. Zacks‘s target price indicates a potential upside of 2.04% from the stock’s previous close.

AU Optronics Corp. (NYSE:AUO) traded up 1.33% during mid-day trading on Thursday, hitting $4.965. 261,147 shares of the company’s stock traded hands. AU Optronics Corp. has a one year low of $2.71 and a one year high of $4.91. The stock has a 50-day moving average of $4.49 and a 200-day moving average of $3.87. The company has a market cap of $4.778 billion and a price-to-earnings ratio of 19.60.

AU Optronics Corp. (NYSE:AUO) last announced its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.43 earnings per share. AU Optronics Corp.’s revenue was down 9.2% compared to the same quarter last year. Analysts expect that AU Optronics Corp. will post $0.35 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale initiated coverage on shares of AU Optronics Corp. in a research note on Friday, August 8th. They set a “buy” rating 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.00.

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

To view Zacks’ full report, visit Zacks’ official website.

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