Tech Data Corp (NASDAQ:TECD) has been upgraded to Buy in a statement by Bank of America Corp. earlier today.
- Updated: September 20, 2016
Boasting a price of $83.80, Tech Data Corp (NASDAQ:TECD) traded 0.00% even on the day. With the last stock price close up 13.72% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Tech Data Corp has recorded a 50-day average of $76.34 and a two hundred day average of $74.57. Volume of trade was down over the average, with 3,416 shares of TECD changing hands under the typical 502,475
Bank of America Corp. has upgraded Tech Data Corp (NASDAQ:TECD) to Buy in a statement released on 9/20/2016.
With a total market value of $0, Tech Data Corp has P/E ratio of 13.77 with a 52 week low of $57.99 and a 52 week high of $85.58 .
In addition to Bank of America Corp. reporting its stock price target, a total of 4 brokerages have issued a ratings update on the company. The average stock price target is $67.25 with 1 brokerage rating the stock a strong buy, 0 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Tech Data Corp (NASDAQ:TECD)
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services. It operates in two geographic segments: the Americas and Europe. It provides resellers training and technical support suite of electronic commerce tools customized shipping documents product configuration or integration services and access to financing programs. Its customers include value-added resellers, direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in approximately 100 countries throughout North America, South America, Europe, the Middle East and Africa.
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