Brokerage Firm Rating Update on STMicroelectronics N.V. (STM)

STMicroelectronics N.V. (STM) : The consensus on STMicroelectronics N.V. (STM) based on 5 analyst recommendation on the company stock is 2.8, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 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 STMicroelectronics N.V. (STM).

STMicroelectronics N.V. (STM) : 3 investment research analysts covering STMicroelectronics N.V. (STM) have an average price target of $6.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $5 for the short term. Analysts expect the variance to be within $1.53 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Bank of America downgrades its outlook on STMicroelectronics N.V. (NYSE:STM). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on September 2, 2016.

STMicroelectronics N.V. (NYSE:STM): The stock opened at $7.56 and touched an intraday high of $7.65 on Wednesday. During the day, the stock corrected to an intraday low of $7.54, however, the bulls stepped in and pushed the price higher to close in the green at $7.61 with a gain of 2.28% for the day. The total traded volume for the day was 1,595,088. The stock had closed at $7.44 in the previous trading session.

STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines, such as Automotive (APG), Industrial and Power Discrete (IPD), Analog and MEMS (AMS), and other SP&A. The EPS segment consists of product lines, such as Digital Convergence Group (DCG), and Imaging, BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers, Memory & Secure MCU (MMS), and Other EPS. The Company operates in Semiconductors and Subsystems business areas.

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