Societe Generale upgraded International Business Machines Corp. (NYSE:IBM) to Hold in a statement released earlier today.
- Updated: September 26, 2016
Societe Generale has upgraded International Business Machines Corp. (NYSE:IBM) to Hold in a statement released on 09/26/2016.
Boasting a price of $154.98, International Business Machines Corp. (NYSE:IBM) traded -0.80% lower on the day. With the last close 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. The company has recorded a 50-day moving average of $158.94 and a 200-day moving average of $153.07. 734,948 shares of the stock were exchanged, down from an average trading volume of 3,414,630
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With a total market value of $0, International Business Machines Corp. has price-earnings ratio of 12.50 with a 52 week low of $116.90 and a 52 week high of $164.95 .
In addition to Societe Generale reporting its price target, a total of 22 analysts have issued a research note on the company. The average stock price target is $137.00 with two brokerages rating the stock a strong buy, 5 equity analysts rating the company a buy, thirteen equity analysts rating the company a hold, five analysts rating the company a underperform, and lastly one analyst rating the company a sell.
More 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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