AU Optronics Corp (AUO) : Analyst Rating Update

AU Optronics Corp (AUO) : The consensus on AU Optronics Corp (AUO) based on 3 analyst recommendation on the company stock is 2.67, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on AU Optronics Corp (AUO).

AU Optronics Corp (NYSE:AUO): The stock opened at $3.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.39 for the day. The stock traded down to $3.32 during the day, due to lack of any buying support eventually closed down at $3.37 with a loss of -2.88% for the day. The stock had closed at $3.47 on the previous day. The total traded volume was 1,152,794 shares.

Also, Equity Analysts at the Brokerage Firm, Credit Suisse, upgrades their rating on the shares of AU Optronics Corp (NYSE:AUO). Credit Suisse has a Outperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have dropped -16.18% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $4.24 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $2.84 and the 200 Day Moving Average price is recorded at $2.79.

Au Optronics Corp. is engaged in the research, development, production and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in a range of applications. The Company is also engaged in the production and sale of solar photovoltaic (PV) modules and systems. The Company operates in two business segments: Display Business and Solar Business. In the Display Business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays. In the Solar Business segment, the Company designs, develops and manufactures PV modules, as well as produce solar PV systems and provide various value-added services for solar PV systems projects.

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