QUALCOMM, Inc. (NASDAQ:QCOM) target price raised to $71.00, reported today by Vetr Inc.
- Updated: September 25, 2016
QUALCOMM, Inc. (NASDAQ:QCOM) had its target price raised to $71.00 by Vetr Inc. in a report released 9/26/2016. The new target price indicates a possible upside of 0.13% based on the company's last closing price.
Yesterday QUALCOMM, Inc. (NASDAQ:QCOM) traded -1.21% lower at $62.75. The company’s 50-day moving average is $62.52 and its 200-day moving average is $55.82. The last closing price is up 12.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 7,794,722 shares of the stock were exchanged, down from an average trading volume of 8,528,420
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QUALCOMM, Inc. has a price-earnings ratio of 18.37 with a one year low of $42.24 and a one year high of $64.00 QCOM’s total market value is presently $0.
A total of 25 brokerages have issued a ratings update on QUALCOMM, Inc.. Seven brokerages rating the company a strong buy, ten brokerages rating the company a buy, sixteen brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $57.19.
General Company Details For QUALCOMM, Inc. (NASDAQ:QCOM)
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications. The Company's segments include QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives). The Company also develops and commercializes a range of other technologies used in handsets and tablets that contribute to end user demand. The Company's products principally consist of integrated circuits (chips or chipsets) and system software used in mobile devices and in wireless networks.
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