Zacks Investment Research downgraded Adobe Systems Incorporated (NASDAQ:ADBE) to Hold in a report released today.
- Updated: November 27, 2016
Zacks Investment Research has downgraded Adobe Systems Incorporated (NASDAQ:ADBE) to Hold in a report released on 11/22/2016.
Yesterday Adobe Systems Incorporated (NASDAQ:ADBE) traded 0.78% higher at $105.65. The company’s 50-day moving average is $106.90 and its 200-day moving average is $101.34. The last stock close price is up 3.63% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 938,191 shares of the stock were exchanged, down from an average trading volume of 2,450,590
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Adobe Systems Incorporated has a 52 week low of $71.27 and a 52 week high of $111.09 with a P/E ratio of 53.58 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $111.57 with 9 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Adobe Systems Incorporated (NASDAQ:ADBE)
Adobe Systems Incorporated is a software company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences. It operates through three segments: Digital Media, Digital Marketing, and Print and Publishing. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses and enterprises to create, publish, promote and monetize their digital content. Its Digital Marketing segment provides solutions and services for how digital advertising and marketing are created, managed, executed, measured and optimized. Its Print and Publishing segment addresses market opportunities ranging from the diverse authoring and publishing needs of technical and business publishing to its legacy type and original equipment manufacturer (OEM) printing businesses.
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