STMicroelectronics NV (STM) Given Consensus Recommendation of “Hold” by Brokerages
STMicroelectronics NV (EPA:STM) has earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is €14.17 ($16.67).
A number of research analysts have recently issued reports on the stock. UBS AG set a €15.00 ($17.65) target price on shares of STMicroelectronics NV and gave the company a “neutral” rating in a research note on Thursday, June 8th. Deutsche Bank AG set a €12.00 ($14.12) price objective on STMicroelectronics NV and gave the company a “sell” rating in a research report on Monday, June 12th. Goldman Sachs Group, Inc. (The) set a €13.70 ($16.12) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Monday, June 19th. J P Morgan Chase & Co set a €16.30 ($19.18) target price on STMicroelectronics NV and gave the stock a “buy” rating in a report on Tuesday, July 11th. Finally, S&P Global set a €16.00 ($18.82) target price on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Thursday, July 27th.
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Shares of STMicroelectronics NV (EPA STM) traded down 0.617% during midday trading on Wednesday, hitting €16.915. 1,974,210 shares of the company’s stock traded hands. The firm has a market capitalization of €15.02 billion and a price-to-earnings ratio of 34.591. The company has a 50 day moving average price of €15.33 and a 200 day moving average price of €14.50. STMicroelectronics NV has a 1-year low of €6.94 and a 1-year high of €17.24.
About STMicroelectronics NV
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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