Avago Technologies Limited (AVGO) : Analyst Rating Update

Avago Technologies Limited (AVGO) : 25 brokerage houses believe that Avago Technologies Limited (AVGO) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Avago Technologies Limited (AVGO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 29 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.16.

Avago Technologies Limited (AVGO) : Average target price received by Avago Technologies Limited (AVGO) is $187.82 with an expected standard deviation of $16.82. The most aggressive target on the stock is $211, whereas the most downbeat target is $130. 27 financial analysts are currently covering the stock.

Avago Technologies Limited (NASDAQ:AVGO): The stock opened at $149.36 on Wednesday but the bulls could not build on the opening and the stock topped out at $151.27 for the day. The stock traded down to $147.16 during the day, due to lack of any buying support eventually closed down at $150.63 with a loss of -0.09% for the day. The stock had closed at $150.76 on the previous day. The total traded volume was 2,060,327 shares.

Also, Brokerage firm Barclays maintains its rating on Avago Technologies Limited (NASDAQ:AVGO). As per the latest information, the brokerage house raises the price target to $185 per share from a prior target of $170. The shares have been rated Overweight. The rating by the firm was issued on June 3, 2016. The company shares have rallied 17.74% from its 1 Year high price. On Jun 3, 2016, the shares registered one year high at $166.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $154.50 and the 200 Day Moving Average price is recorded at $144.22.

Avago Technologies Limited (Avago) is a designer, developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporations (LSIs) storage products and PLX Technology, Inc.s (PLXs) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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