Societe Generale Downgrades Infineon Technologies (OTCMKTS:IFNNY) to Sell

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Societe Generale downgraded shares of Infineon Technologies (OTCMKTS:IFNNY) from a hold rating to a sell rating in a research report report published on Wednesday, The Fly reports.

Several other equities analysts have also weighed in on the stock. ValuEngine upgraded shares of Infineon Technologies from a sell rating to a hold rating in a report on Wednesday, September 4th. Loop Capital assumed coverage on shares of Infineon Technologies in a report on Tuesday, July 23rd. They issued a buy rating on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Infineon Technologies in a report on Wednesday, June 19th. They issued an outperform rating on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $23.00.

OTCMKTS:IFNNY opened at $18.23 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.77 and a quick ratio of 1.86. The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 15.99 and a beta of 1.16. The company’s 50-day moving average is $18.44 and its two-hundred day moving average is $19.08. Infineon Technologies has a 1-year low of $15.43 and a 1-year high of $24.36.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions worldwide. The company operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Digital Security Solutions. The Automotive segment offers automotive microcontrollers for powertrain, safety, and driver assistance systems; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; and voltage regulators for use in assistance and safety systems, comfort electronics, and powertrain and security products.

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The Fly

Analyst Recommendations for Infineon Technologies (OTCMKTS:IFNNY)

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