Intel Corp. (NASDAQ:INTC) was upgraded by research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a report released on Friday, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Wednesday, November 27th. Separately, analysts at RBC Capital downgraded shares of Intel Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, November 27th. They now have a $26.00 price target on the stock, down previously from $27.00. Finally, analysts at Canaccord Genuity raised their price target on shares of Intel Corp. from $20.00 to $22.00 in a research note to investors on Friday, November 22nd. They now have a “hold” rating on the stock. Five investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.28.
Intel Corp. (NASDAQ:INTC) opened at 24.26 on Friday. Intel Corp. has a one year low of $19.98 and a one year high of $25.98. The stock has a 50-day moving average of $24.17 and a 200-day moving average of $23.61. The company has a market cap of $120.6 billion and a price-to-earnings ratio of 12.84.
Intel Corp. (NASDAQ:INTC) last released its earnings data on Tuesday, October 15th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.04. The company had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $13.47 billion. During the same quarter last year, the company posted $0.58 earnings per share. Intel Corp.’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Intel Corp. will post $1.89 earnings per share for the current fiscal year.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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