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BofA Merrill upgraded Tech Data (NASDAQ:TECD) from Neutral to Buy in a report released today.

Having a price of $84.80, Tech Data (NASDAQ:TECD) traded 0.00% even on the day. With the last stock price close up 13.72% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. The company has been tracking to a 50-day moving average of $76.34 and 200-day average of $74.57. 3,416 shares of the stock exchanged hands, down from ann average trading volume of 502,475

BofA Merrill has upgraded Tech Data(NASDAQ:TECD) from Neutral to Buy in a statement released 9/20/2016.

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In addition to BofA Merrill reporting it’s target price, a total of 4 equity analysts have released a research note on TECD. The consensus target stock price is $67.25 with one firm rating the company a strong buy, 0 rating the company a buy, five analysts rating the stock a hold, two analysts rating the stock to underperform, and lastly 0 brokerages rating the stock as sell.

Tech Data has a one-year low of $57.99 and a one-year high of $85.58 with a P/E ratio of 14. The company’s market cap is presently $0.0.

Brief Synopsis On Tech Data (NASDAQ:TECD)

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services. It operates in two geographic segments: the Americas and Europe. It provides resellers training and technical support suite of electronic commerce tools customized shipping documents product configuration or integration services and access to financing programs. Its customers include value-added resellers, direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in approximately 100 countries throughout North America, South America, Europe, and the Middle East and Africa.

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