Zacks Investment Research downgraded International Business Machines Corp. (NYSE:IBM) to Sell in a report released today.
- Updated: September 20, 2016
Just yesterday International Business Machines Corp. (NYSE:IBM) traded 0.08% lower at $154.87. The company’s 50-day average is $159.60 and its 200-day average is $152.80. With the last stock price close up 1.27% from the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the same period. Volume of trade was was down over the average, with 1,184,928 shares of IBM changing hands under the typical 3,465,650 shares..
Zacks Investment Research has downgraded International Business Machines Corp.(NYSE:IBM) to Sell in a statement released 9/20/2016.
On 9/14/2016, Vetr Inc. reported about International Business Machines Corp.(NYSE:IBM) upped the target price from $0.00 to $162.03 that suggested an upside of 0.04%.
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A total of 22 firms have released a report on IBM. Two analysts rate the stock a strong buy, five firms rate the company a buy, 13 firms rate the stock a hold, five analysts rate the stock to underperform, and lastly one brokeragerate the stock as sell with a consensus target price of $137.00
International Business Machines Corp. has a 52 week low of $116.90 and a 52 week high of $164.95 with a P/E ratio of 13. International Business Machines Corp.’s market cap is currently $0.0.
General Company Details For 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 and remanufacturing and remarketing.
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