Barclays Capital Reaffirms Equalweight Rating on Cisco Systems (CSCO)

By admin | 6 years ago

Cisco Systems (NASDAQ: CSCO)‘s stock had its “equalweight” rating reiterated by investment analysts at Barclays Capital (NYSE: BCS) in a note issued to investors on Monday.

Shares of Cisco Systems traded down 2.04% during mid-day trading on Monday, hitting $18.69. Cisco Systems has a 52 week low of $13.30 and a 52 week high of $21.30. The company has a market cap of $100.7 billion and a P/E ratio of 14.83.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Cisco Systems in a research note to investors on Monday. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Cisco Systems in a research note to investors on Monday. Finally, analysts at Caris & Co. initiated coverage on shares of Cisco Systems in a research note to investors on Friday. They set a “buy” rating on the stock.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.

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