STMicroelectronics NV (ADR) (NYSE:STM) has been downgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 2, 2016
Zacks Investment Research has downgraded STMicroelectronics NV (ADR) (NYSE:STM) to Hold in a statement released on 9/28/2016.
Boasting a price of $8.08, STMicroelectronics NV (ADR) (NYSE:STM) traded 3.16% higher on the day. The last stock close price is up 27.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. STM has recorded a 50-day average of $7.72 and a two hundred day average of $6.39. Trading volume was up over the average, with 2,341,459 shares of STM changing hands over the typical 1,956,090
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STMicroelectronics NV (ADR) has a price-earnings ratio of 97.02 with a one year low of $5.11 and a one year high of $8.21 STMicroelectronics NV (ADR)’s market capitalization is presently $0.
A total of 5 analysts have released a ratings update on STM. zero brokers rating the stock a strong buy, 2 brokerages rating the stock a buy, 3 analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally 1 analyst rating the company a sell with a average stock price target of $6.42.
General Information About STMicroelectronics NV (ADR) (NYSE:STM)
STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company's segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others. The Company designs, develops, manufactures and markets a range of semiconductor products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), custom devices and semi-custom devices and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. The Company participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and smartcards.
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