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OTR Global upgraded Oracle Corporation (NYSE:ORCL) to Positive in a report released today.

Just yesterday Oracle Corporation (NYSE:ORCL) traded -0.06% lower at $45.72. Oracle Corporation’s 50-day moving average is $49.47 and its 200-day moving average is $47.61. The last closing price is down 1.34% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 6,962,068 shares of ORCL traded hands, down from an average trading volume of 13,742,600

OTR Global has upgraded Oracle Corporation (NYSE:ORCL) to Positive in a report released on 6/08/2017.

Previously on 5/29/2017, Canaccord Genuity reported on Oracle Corporation (NYSE:ORCL) increased the target price from $0.00 to $49.00. At the time, this indicated a possible upside of 0.08%.

Recent Performance Chart

Oracle Corporation (NYSE:ORCL)

Oracle Corporation has 52 week low of $37.62 and a 52 week high of $53.14 with a PE ratio of 20.99 and has a market capitalization of $0.

In addition to OTR Global reporting its stock price target, a total of 34 brokers have issued a research note on the stock. The consensus target price is $43.91 with 7 firms rating the stock a strong buy, 15 firms rating the stock a buy, 14 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally one equity analyst rating the company a sell.

More About Oracle Corporation (NYSE:ORCL)

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company's businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. Its hardware business consists of two segments, including hardware products and hardware support. The Company's services business includes the remainder of the Company's segments. Its services business includes activities, such as consulting services, enhanced support services and education services, among others.

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