Intel Corporation (INTC) : Analyst Rating Update

Intel Corporation (INTC) : 31 analysts are covering Intel Corporation (INTC) and their average rating on the stock is 2.04, which is read as a Buy. 17 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Intel Corporation (INTC) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Intel Corporation (INTC) : The highest level Intel Corporation (INTC) is projected to reach is $45 for the short term and the lowest estimate is at $26. The consolidated price target from 27 rating analysts who initiate coverage on the stock is $35.74 and the possibility the share price can swing is $3.68.

Intel Corporation (NASDAQ:INTC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.80 and $32.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.97, notching a gain of 0.89% for the day. The total traded volume was 21,070,217 . The stock had closed at $32.68 on the previous day.

Also, CLSA initiates coverage on Intel Corporation (NASDAQ:INTC). The current rating of the shares is Underperform, according to the research report released by the firm. The brokerage firm announces the price target at $30 per share. The rating by the firm was issued on May 17, 2016. The company shares have rallied 10.78% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $35.59 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $31.60 and the 200 Day Moving Average price is recorded at $31.27.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Companys platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Companys operating segments include the PC Client Group (PCCG), the Data Center Group (DCG), the Internet of Things Group (IOTG), the Mobile and Communications Group (MCG), the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group, Netbook Group and New Devices Group.

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