AU Optronics Corp (AUO) : Zacks Investment Research ranks AU Optronics Corp (AUO) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 2.33, which indicates as a Buy.
AU Optronics Corp (AUO) : 2 Wall Street analysts covering AU Optronics Corp (AUO) believe that the average level the stock could reach for the short term is $4.5. The maximum price target given is $5 and the minimum target for short term is around $4, hence the standard deviation is calculated at $0.71.
Also, Equity analysts at the Brokerage firm Bernstein downgrades its rating on AU Optronics Corp (NYSE:AUO). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on September 9, 2016.
AU Optronics Corp (NYSE:AUO): After opening at $3.5, the stock dipped to an intraday low of $3.5 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.58 and the buying power remained strong till the end. The stock closed at $3.56 for the day, a gain of 1.14% for the day session. The total traded volume was 554,728. The stocks close on the previous trading day was $3.52.
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.