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Zacks Investment Research downgraded QUALCOMM, Inc. (NASDAQ:QCOM) to Hold in a report released today.

Yesterday QUALCOMM, Inc. (NASDAQ:QCOM) traded -1.21% lower at $62.70. The company’s 50-day moving average is $62.52 and its 200-day moving average is $55.82. The last closing price is up 12.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 7,794,722 shares of the stock traded hands, down from an average trading volume of 8,528,420

Zacks Investment Research has downgraded QUALCOMM, Inc. (NASDAQ:QCOM) to Hold in a report released on 09/21/2016.

Previously on 9/19/2016, Vetr Inc. reported on QUALCOMM, Inc. (NASDAQ:QCOM) increased the target price from $0.00 to $69.01. At the time, this indicated a possible upside of 0.10%.

See Chart Below

QUALCOMM, Inc. (NASDAQ:QCOM)

QUALCOMM, Inc. has a 52 week low of $42.24 and a 52 week high of $64.00 with a P/E ratio of 18.37 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 25 brokers have issued a report on the company. The average stock price target is $57.19 with 7 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 16 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 QUALCOMM, Inc. (NASDAQ:QCOM)

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications. The Company's segments include QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives). The Company also develops and commercializes a range of other technologies used in handsets and tablets that contribute to end user demand. The Company's products principally consist of integrated circuits (chips or chipsets) and system software used in mobile devices and in wireless networks.

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