Drexel Hamilton upgraded shares of Intel (NASDAQ: INTC) from a sell rating to a hold rating in a report released on Tuesday. Drexel Hamilton currently has $22.00 target price on the stock, up from their previous target price of $18.00.
Shares of Intel opened at 20.93 on Tuesday. Intel has a 52 week low of $19.23 and a 52 week high of $29.27. The stock’s 50-day moving average is currently $21.19. The company has a market cap of $103.5 billion and a P/E ratio of 9.83.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 1st. Stockholders of record on Thursday, February 7th will be given a dividend of $0.23 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Tuesday, February 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a neutral rating on shares of Intel in a research note to investors on Thursday, February 21st. They now have a $22.00 price target on the stock. Separately, analysts at Cowen initiated coverage on shares of Intel in a research note to investors on Monday, February 4th. They set a neutral rating on the stock.
Sixteen research analysts have rated the stock with a buy rating, two have given an overweight rating, twenty-six have assigned a hold rating, two have issued an underweight rating, and five have given a sell rating to the company. The company currently has an average rating of hold and a consensus target price of $22.81.
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