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Bank of America Corporation downgraded Intel Corporation (NASDAQ:INTC) to Neutral in a statement released earlier today.

Bank of America Corporation has downgraded Intel Corporation (NASDAQ:INTC) to Neutral in a report released on Wednesday June 21, 2017.

Just yesterday Intel Corporation (NASDAQ:INTC) traded 1.43% higher at $34.86. INTC’s 50-day average is $35.64 and its two hundred day average is $35.52. With the last close down 4.16% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 33,596,072 shares of INTC traded hands, up from an average trading volume of 22,027,400

Recent Performance Chart

Intel Corporation (NASDAQ:INTC)

Intel Corporation has 52 week low of $33.23 and a 52 week high of $38.45 with a P/E ratio of 14.12 and has a market cap of $0.

In addition to Bank of America Corporation reporting its target price, a total of 34 brokers have issued a report on the stock. The consensus target price is $35.35 with ten brokerages rating the company a strong buy, sixteen brokerages rating the company a buy, sixteen brokerages rating the company a hold, two brokerages rating the company a underperform, and lastly one brokerage rating the company a sell.

General Company Details For Intel Corporation (NASDAQ:INTC)

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company's segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. The CCG operating segment includes platforms that integrates in notebook, two in one systems, desktop computers for consumers and businesses, tablets, and phones.

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