Samsung Electronics (OTCMKTS:SSNLF) Raised to Buy at Erste Group Bank

Samsung Electronics (OTCMKTS:SSNLF) was upgraded by stock analysts at Erste Group Bank from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat Ratings reports.

Separately, Susquehanna raised Samsung Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Samsung Electronics Stock Performance

Shares of OTCMKTS SSNLF opened at $65.21 on Friday. The stock has a market cap of $8.42 billion, a P/E ratio of 24.33 and a beta of 0.88. The business’s fifty day simple moving average is $65.21 and its 200-day simple moving average is $51.29. Samsung Electronics has a 12-month low of $38.83 and a 12-month high of $65.21.

Samsung Electronics Company Profile

Samsung Electronics Co, Ltd. is a South Korean multinational technology company headquartered in Suwon, South Korea. As a core subsidiary of the Samsung Group, the company designs, develops and manufactures a broad range of consumer electronics, mobile communications devices and semiconductor products. Its diversified portfolio spans televisions and home appliances, smartphones and network equipment, as well as memory and system LSI chips used across data centers and automotive platforms.

In the consumer electronics segment, Samsung is known for high-definition TVs, monitors, refrigerators, washing machines and air conditioners, incorporating smart connectivity and energy-efficient technologies.