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International Business Machines Corp. (NYSE:IBM) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.

Just yesterday International Business Machines Corp. (NYSE:IBM) traded -0.80% lower at $154.98. International Business Machines Corp.’s 50-day moving average is $158.94 and its 200-day moving average is $153.07. The last closing price is up 0.44% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 734,948 shares of IBM traded hands, down from an average trading volume of 3,414,630

Zacks Investment Research has upgraded International Business Machines Corp. (NYSE:IBM) to Hold in a report released on 9/26/2016.

Recent Performance Chart

International Business Machines Corp. (NYSE:IBM)

International Business Machines Corp. has 52 week low of $116.90 and a 52 week high of $164.95 with a PE ratio of 12.50 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its target price, a total of 22 firms have reported on the stock. The consensus target price is $137.00 with 2 firms rating the stock a strong buy, 5 firms rating the stock a buy, 13 firms rating the stock a hold, 5 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About International Business Machines Corp. (NYSE:IBM)

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company's GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services). Its GBS segment provides consulting and systems integration, application management services and process services. The software segment consists primarily of middleware and operating systems software. The Systems Hardware segment provides clients with infrastructure technologies. The Company's Global Financing segment includes client financing, commercial financing, and remanufacturing and remarketing.

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