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Zacks Investment Research downgraded Flextronics International Ltd. (NASDAQ:FLEX) to Hold in a report released today.

Yesterday Flextronics International Ltd. (NASDAQ:FLEX) traded 2.44% higher at $13.13. The company’s 50-day moving average is $12.91 and its 200-day moving average is $12.45. The last closing price is up 8.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 5,629,781 shares of the stock traded hands, up from an average trading volume of 4,643,200

Zacks Investment Research has downgraded Flextronics International Ltd. (NASDAQ:FLEX) to Hold in a report released on 09/21/2016.

Previously on 09/20/2016, Zacks Investment Research reported on Flextronics International Ltd. (NASDAQ:FLEX) increased the target price from $0.00 to $15.00. At the time, this indicated a possible upside of 0.15%.

See Chart Below

Flextronics International Ltd. (NASDAQ:FLEX)

Flextronics International Ltd. has a 52 week low of $8.85 and a 52 week high of $13.49 with a P/E ratio of 17.03 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 13 brokers have issued a report on the company. The average stock price target is $14.35 with 6 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Flextronics International Ltd. (NASDAQ:FLEX)

Flextronics International Ltd. provides design, engineering, manufacturing, and supply chain services and solutions. The Company designs, builds, ships and services packaged consumer electronics and industrial products for original equipment manufacturers (OEMs). Its segments include High Reliability Solutions (HRS), Consumer Technologies Group (CTG), Industrial and Emerging Industries (IEI) and Communications & Enterprise Compute (CEC). The HRS segment consists of its medical business, automotive business, and defense and aerospace businesses. The CTG segment includes its mobile devices business, consumer electronics business and high-volume computing business. The IEI segment consists of semiconductor and capital equipment, office solutions, household industrial and lifestyle, industrial automation and kiosks, energy and metering, and lighting. The CEC segment includes radio access base stations, remote radio heads, and small cells for wireless infrastructure.

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