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BofA Merrill downgraded Intel (NASDAQ:INTC) from Buy to Neutral in a report released today.

BofA Merrill has downgraded Intel (NASDAQ:INTC) from Buy to Neutral in a report released on 6/21/2017.

Just yesterday Intel (NASDAQ:INTC) traded 1.43% higher at $34.86. Intel’s 50-day moving average is $35.64 and its 200-day moving average is $35.52. The last stock price is down 4.16% from the 200-day moving average, compared to the Standard & Poor's 500 Index 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 has 52 week low of $33.23 and a 52 week high of $38.45 with a PE ratio of 14.12 and has a market capitalization of $0.

In addition to BofA Merrill reporting its stock price target, a total of 34 brokerages have issued a research note on the company. The average stock price target is $35.35 with 10 brokerages rating the stock a strong buy, 16 brokerages rating the stock a buy, 16 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Intel (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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