Citigroup Upgrades STMicroelectronics to Neutral (STM)

By admin | 6 years ago

STMicroelectronics (NYSE: STM) was upgraded by equities research analysts at Citigroup (NYSE: C) from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday.

STM has been the subject of a number of other recent research reports. Analysts at Goldman Sachs (NYSE: GS) upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. Separately, analysts at Societe Generale upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, April 25th. Finally, analysts at Williams Capital reiterated a “sell” rating on shares of STMicroelectronics in a research note to investors on Tuesday, April 24th.

STMicroelectronics traded down 3.11% on Wednesday, hitting $5.61. STMicroelectronics has a 1-year low of $5.34 and a 1-year high of $11.87. The company has a market cap of $4.965 billion and a price-to-earnings ratio of 17.03.

The company last announced its quarterly results on Monday, April 23rd. It reported ($0.14) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of ($0.05) EPS by $0.09. The company’s quarterly revenue was down 20.4% on a year-over-year basis. Analysts expect that STMicroelectronics will post $0.06 EPS next quarter.

STMicroelectronics N.V. is an independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.

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