UBS AG Reaffirms Buy (N/A) Rating on Corning (GLW)

By admin | 6 years ago

Corning (NYSE: GLW)‘s stock had its “buy (n/a)” rating reaffirmed by research analysts at UBS AG (NYSE: UBS) in a report released on Wednesday.

Shares of Corning opened at 12.83 on Wednesday. Corning has a 52 week low of $11.51 and a 52 week high of $18.86. The company has a market cap of $19.471 billion and a P/E ratio of 8.00.

Corning last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.02. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that Corning will post $0.36 earnings per share next quarter.

A number of other analysts have also recently weighed in on GLW. Analysts at Susquehanna initiated coverage on shares of Corning in a research note to investors on Friday, May 18th. They set a “neutral” rating on the stock. Separately, analysts at Topeka Capital initiated coverage on shares of Corning in a research note to investors on Monday, May 7th. They set a “hold” rating on the stock. Finally, analysts at Sterne Agee raised their EPS on shares of Corning in a research note to investors on Thursday, April 26th. They now have a “buy” rating and a $18.00 price target on the stock.

Corning Incorporated (Corning) is a global, technology-based corporation. The Company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences.

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