Brokerage Firm Rating Update on Symantec Corporation (SYMC)

Symantec Corporation (SYMC) : 19 analysts are covering Symantec Corporation (SYMC) and their average rating on the stock is 2.58, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Symantec Corporation (SYMC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Symantec Corporation (SYMC) : Average target price received by Symantec Corporation (SYMC) is $22.77 with an expected standard deviation of $3.79. The most aggressive target on the stock is $28, whereas the most downbeat target is $14. 13 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Citigroup maintains its rating on Symantec Corporation (NASDAQ:SYMC). As per the latest information, the brokerage house raises the price target to $26.5 per share from a prior target of $17.5. The shares have been rated Buy. The rating by the firm was issued on August 22, 2016.

Symantec Corporation (NASDAQ:SYMC): The stock opened at $24.71 and touched an intraday high of $24.92 on Wednesday. During the day, the stock corrected to an intraday low of $24.71, however, the bulls stepped in and pushed the price higher to close in the green at $24.92 with a gain of 0.44% for the day. The total traded volume for the day was 8,123,063. The stock had closed at $24.81 in the previous trading session.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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