Credit Suisse Upgrades AU Optronics Corp (ADR) to Outperform

Brokerage firm Credit Suisse Upgrades its rating on AU Optronics Corp (ADR)(NYSE:AUO). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Credit Suisse was issued on Jun 29, 2016.

In a different note, On Apr 7, 2016, Citigroup said it Upgrades its rating on AU Optronics Corp (ADR). The shares have been rated ‘Sell’ by the firm.

AU Optronics Corp (ADR) (AUO) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -2.87% at a volume of 8,62,651. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.48. The peak price level was also seen at $3.48 while the days lowest was $3.38. Finally the shares closed at $3.39. The 52-week high of the shares is $4.51 while the 52-week low is $2.32. According to the latest information available, the market cap of the company is $3,263 M.

AU Optronics Corp (ADR)(AUO) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.21B. Analysts had an estimated revenue of $2.23B. Earnings per share were $-0.18. Analysts had estimated an EPS of $-0.11.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *