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RBC Capital Markets reported on Qualcomm Inc. (NDAQ:QCOM), raising its target price to $77.00 earlier today

RBC Capital Markets increased the stock price target of Qualcomm Inc. (NDAQ:QCOM) to $77.00 stating a potential upside of 0.17%.

On Monday November 13, 2017, Canaccord Genuity released a statement for Qualcomm Inc. (NDAQ:QCOM) bumped up the target price from $76.00 to $83.00 that suggested an upside of 0.25%.

Yesterday Qualcomm Inc. (NDAQ:QCOM) traded -6.68% lower at $65.97. The company’s 50-day moving average is $52.45 and its 200-day moving average is $54.07. The last stock close price is up -5.66% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 29,914,093 shares of QCOM traded hands, up from an average trading volume of 8,066,540

Recent Performance Chart

Qualcomm Inc. (NDAQ:QCOM)

Qualcomm Inc. has 52 week low of $48.92 and a 52 week high of $70.53 with a PE ratio of 19.54 and has a market capitalization of $0.

In addition to RBC Capital Markets reporting its stock price target, a total of 25 brokers have issued a report on the company. The average stock price target is $57.19 with 7 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 16 brokers rating the stock a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

General Company Details For Qualcomm Inc. (NDAQ: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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