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RBC Capital issued a report on Qualcomm (NASDAQ:QCOM), raising its target price to $77.00 today

In a report announced on 11/14/2017 RBC Capital bumped up the target of Qualcomm (NASDAQ:QCOM) from $70.00 to $77.00 reporting a potential upside of 0.51%.

On 11/13/2017, Canaccord released a statement for Qualcomm (NASDAQ:QCOM) raised the target price from $76.00 to $83.00 that suggested an upside of 0.63%.

Having a price of $51.01, Qualcomm (NASDAQ:QCOM) traded -6.68% lower on the day. With the last stock price down -5.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. QCOM has recorded a 50-day moving average of $52.45 and a 200-day moving average of $54.07. 29,914,093 shares of Qualcomm traded, up from an avg. volume of 8,066,540

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Qualcomm (NASDAQ:QCOM)

Qualcomm has a one year low of $48.92 and a one year high of $70.53 with a price-earnings ratio of 19.54 The company’s market cap is currently $0.

In addition to RBC Capital reporting its stock price target, a total of 25 brokerages have released a research note on QCOM. The one year target is $57.19 with seven analysts rating the company a strong buy, ten firms rating the stock a buy, 16 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Qualcomm (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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