STMicroelectronics NV (STM) Receives “Sell” Rating from UBS AG
STMicroelectronics NV (EPA:STM)‘s stock had its “sell” rating restated by research analysts at UBS AG in a report released on Thursday, www.boersen-zeitung.de reports.
A number of other brokerages have also recently issued reports on STM. J P Morgan Chase & Co set a €16.30 ($19.40) price objective on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Monday, May 29th. Goldman Sachs Group, Inc. (The) set a €13.70 ($16.31) price objective on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Monday, June 19th. Deutsche Bank AG restated a “sell” rating on shares of STMicroelectronics NV in a research note on Friday, June 30th. BNP Paribas set a €19.00 ($22.62) price objective on STMicroelectronics NV and gave the company a “buy” rating in a research note on Monday, September 4th. Finally, S&P Global set a €16.00 ($19.05) price objective on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. STMicroelectronics NV presently has an average rating of “Hold” and an average target price of €13.99 ($16.65).
Shares of STMicroelectronics NV (EPA STM) opened at 15.885 on Thursday. STMicroelectronics NV has a 52 week low of €6.71 and a 52 week high of €16.11. The firm’s 50-day moving average is €14.64 and its 200-day moving average is €14.32. The firm has a market capitalization of €14.10 billion and a P/E ratio of 32.485.
STMicroelectronics NV Company Profile
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and markets semiconductor products, and subsystems and modules worldwide. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom devices and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
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