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CSR PLC (NASDAQ:CSRE) was downgraded by investment analysts at Numis Securities Ltd to a “buy” rating in a note issued to investors on Tuesday.

CSR PLC (NASDAQ:CSRE) opened at 51.93 on Tuesday. CSR PLC has a 52-week low of $30.00 and a 52-week high of $53.90. The stock’s 50-day moving average is $38.14 and its 200-day moving average is $41.83. The company’s market cap is $2.149 billion.

The company also recently declared a semiannual dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.208 per share. This represents a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, August 13th.

Separately, analysts at Jefferies Group downgraded shares of CSR PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. CSR PLC currently has an average rating of “Hold”.

CSR plc is an United Kingdom-based holding company. The Company is a provider of multifunction connectivity, audio, and location platforms.

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