Advanced Micro Devices (AMD) : Analyst Rating Update

Advanced Micro Devices (AMD) : The consensus on Advanced Micro Devices (AMD) based on 19 analyst recommendation on the company stock is 2.65, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Advanced Micro Devices (AMD).

Advanced Micro Devices (AMD) : Currently there are 14 street experts covering Advanced Micro Devices (AMD) stock. The most bullish and bearish price target for the stock is $6 and $2 respectively for the short term. The average price target of all the analysts comes to $3.64. The estimated standard deviation from the target is $1.72.

Advanced Micro Devices (NASDAQ:AMD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.91 and $4.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.04, notching a gain of 1.61% for the day. The total traded volume was 19,392,887 . The stock had closed at $4.96 on the previous day.

Also, Canaccord Genuity upgrades their rating on the shares of Advanced Micro Devices (NASDAQ:AMD). Earlier, the shares were rated a Hold by the brokerage firm. Equity Analysts at the Firm raises the price target to $6 per share from $3.25 per share. The rating by the firm was issued on June 16, 2016. The company shares have rallied 146.77% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $5.52 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $4.57 and the 200 Day Moving Average price is recorded at $3.11.

Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.

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