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Adobe Systems Incorporated (NASDAQ:ADBE) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Displaying a price of $100.24, Adobe Systems Incorporated (NASDAQ:ADBE) traded 0.69% lower on the day. The last close is up 3.00% from the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same time. Adobe Systems Incorporated has recorded a 50-day moving average of $100.22 and 200-day average of $96.05. 3,700,615 shares of the stock were exchanged, up from ann average volume of 2,324,360

Zacks Investment Research has downgraded Adobe Systems Incorporated(NASDAQ:ADBE) to Hold in a statement released 8/19/2016.

Recent Performance Chart:

Adobe Systems Incorporated (NASDAQ:ADBE)

A total of 21 brokers have issued a research note on ADBE. Nine firms rate the company a strong buy, nine analysts rate the stock a buy, five firms rate the company a hold, 0 rate the company to underperform, and lastly 0 brokeragesrate the company as sell with a consensus target stock price of $111.57

Adobe Systems Incorporated has a PE of 56 with a one-year low of $71.27 and a one-year high of $104.16. The company’s total market value is currently $0.0.

General Information About Adobe Systems Incorporated (NASDAQ:ADBE)

Adobe Systems Incorporated is a software company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences. It operates through three segments: Digital Media, Digital Marketing, and Print and Publishing. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses and enterprises to create, publish, promote and monetize their digital content. Its Digital Marketing segment provides solutions and services for how digital advertising and marketing are created, managed, executed, and measured and optimized. Its Print and Publishing segment addresses market opportunities ranging from the diverse authoring and publishing needs of technical and business publishing to its legacy type and original equipment manufacturer (OEM) printing businesses.

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