http://www.americanbankingnews.com/getthestreet reaffirmed their buy rating on shares of QUALCOMM (NASDAQ: QCOM) in a research note released on Friday morning.
“Qualcomm (QCOM) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
,” TheStreet’s analyst commented.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a buy rating on shares of QUALCOMM in a research note to investors on Wednesday, March 6th. They now have a $75.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a buy rating on shares of QUALCOMM in a research note to investors on Tuesday, March 5th. They now have a $80.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of QUALCOMM in a research note to investors on Monday, March 4th. They now have a $78.00 price target on the stock.
Thirty-four investment analysts have rated the stock with a buy rating, five have given an overweight rating, four have issued a hold rating, and one has assigned a sell rating to the company. The stock has a consensus rating of buy and an average price target of $76.35.
QUALCOMM opened at 66.70 on Friday. QUALCOMM has a 52-week low of $53.09 and a 52-week high of $68.87. The stock’s 50-day moving average is currently $65.69. The company has a market cap of $114.6 billion and a price-to-earnings ratio of 17.61.
QUALCOMM Incorporated (Qualcomm) designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies.
To view TheStreet’s full report, visit www.thestreetratings.com
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