Celestica Inc (NYSE:CLS) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 21, 2016
Boasting a price of $10.47, Celestica Inc (NYSE:CLS) traded 1.26% higher on the day. With the last stock price close down -0.31% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Celestica Inc has recorded a 50-day average of $10.78 and a two hundred day average of $10.50. Volume of trade was down over the average, with 176,171 shares of CLS changing hands under the typical 269,102
Zacks Investment Research has downgraded Celestica Inc (NYSE:CLS) to Hold in a statement released on 9/21/2016.
With a total market value of $0, Celestica Inc has price-earnings ratio of 18.02 with a one year low of $8.07 and a one year high of $13.36 .
A total of 9 equity analysts have released a ratings update on CLS. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, eight equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $11.22.
More About Celestica Inc (NYSE:CLS)
Celestica Inc. is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services. Its products and services serve a range of applications, including servers; storage systems; optical equipment; aerospace and defense electronics; healthcare products and applications; semiconductor equipment, and a range of industrial and alternative energy products, including solar panels and inverters. It designs, manufactures and tests solar panels for the residential, commercial and utility scale markets.
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