Koninklijke Philips Electronics ADR Rating Increased to Equalweight at Morgan Stanley (PHG)

By admin | 6 years ago

Koninklijke Philips Electronics ADR (NYSE: PHG) was upgraded by Morgan Stanley (NYSE: MS) to an “equalweight” rating in a research note issued on Thursday.

Separately, analysts at Zacks reiterated an “underperform” rating on shares of Koninklijke Philips Electronics ADR in a research note to investors on Thursday, April 12nd. They now have a $16.00 price target on the stock.

Koninklijke Philips Electronics ADR opened at 17.80 on Thursday. Koninklijke Philips Electronics ADR has a 52-week low of $16.26 and a 52-week high of $27.24. The company’s market cap is $16.303 billion.

Koninklijke Philips Electronics ADR last released its earnings data on Monday, April 23rd. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.06. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect that Koninklijke Philips Electronics ADR will post $0.00 EPS next quarter.

Koninklijke Philips Electronics N.V. (Royal Philips Electronics) is the parent company of the Philips Group (Philips).

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