Citigroup Initiates Coverage on Motorola Solutions Inc to Neutral

Citigroup Initiates Coverage on Motorola Solutions Inc(NYSE:MSI). The shares have been rated Neutral. The rating by Citigroup was issued on Jun 20, 2016.

In a different note, On May 4, 2016, Northcoast Research said it Downgrades its rating on Motorola Solutions Inc. The shares have been rated ‘Neutral’ by the firm.

Motorola Solutions Inc (MSI) shares turned negative on Fridays trading session with the shares closing down -3.28 points or -4.82% at a volume of 47,35,121. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.45. The peak price level was also seen at $66.45 while the days lowest was $64.6. Finally the shares closed at $64.73. The 52-week high of the shares is $76.83 while the 52-week low is $56.4. According to the latest information available, the market cap of the company is $11,302 M.

Motorola Solutions Inc(MSI) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.19B. Analysts had an estimated revenue of $1.17B. Earnings per share were $0.52. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, Eduardo F Conrado (EVP, Strategy & IO) sold 976 shares at $70.08 per share price.Also, On May 12, 2016, Bruce W Brda (EVP, Products & Services) sold 12,820 shares at $70.89 per share price.On Apr 4, 2016, Greg Mondre (director) purchased 50 shares at $63.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Motorola Solutions Inc. provides communication infrastructure devices accessories software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure devices accessories and software. The primary customers of the Products segment are Government public safety and first-responder agencies municipalities and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services Lifecycle Support services Managed services Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.

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