UBS AG Gives Positive Rating to QUALCOMM (QCOM)
Shares of QUALCOMM opened at 57.40 on Tuesday. QUALCOMM has a one year low of $45.98 and a one year high of $68.87. The company has a market cap of $98.399 billion and a P/E ratio of 17.52.
QUALCOMM last issued its quarterly earnings data on Wednesday, April 18th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.05. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, analysts predict that QUALCOMM will post $0.91 earnings per share next quarter.
A number of other firms have also recently commented on QCOM. Analysts at Oppenheimer (NYSE: OPY) cut their price target on shares of QUALCOMM from $75.00 to $70.00 in a research note to investors on Wednesday, May 23rd. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of QUALCOMM in a research note on Friday. They now have an “outperform” rating and a $75.00 price target on the stock. Finally, analysts at Zacks downgraded shares of QUALCOMM from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, May 9th. They now have a $66.00 price target on the stock.
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.