Topeka Capital Starts Stock Coverage on AU Optronics Corp. (AUO)
Equities research analysts at Topeka Capital initiated coverage on shares of AU Optronics Corp. (NYSE: AUO) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at CLSA upgraded shares of AU Optronics Corp. from an “outperform” rating to a “buy” rating in a research note to investors on Friday, April 27th. Analysts at UBS AG (NYSE: UBS) upgraded shares of AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 12nd.
Shares of AU Optronics Corp. traded down 4.42% during mid-day trading on Monday, hitting $4.435. AU Optronics Corp. has a one year low of $3.75 and a one year high of $8.41. The company’s market cap is $3.915 billion.
AU Optronics Corp. last issued its quarterly earnings data on Thursday, April 26th. The company reported ($1.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.75) by $0.21. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. On average, analysts predict that AU Optronics Corp. will post $-0.23 earnings per share next quarter.
AU Optronics Corp. is principally engaged in the research, development, design, manufacture and distribution of flat panel displays.