EMC Corporation (EMC) : Analyst Rating Update

EMC Corporation (EMC) : The consensus on EMC Corporation (EMC) based on 23 analyst recommendation on the company stock is 2.35, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 14 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

EMC Corporation (EMC) : The most positive equity analysts on EMC Corporation (EMC) expects the shares to touch $32, whereas, the least positive believes that the stock will trade at $26 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $29.25 with an expected fluctuation of $1.7 from the mean.

EMC Corporation (NYSE:EMC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.24 and $27.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.30, notching a gain of 0.04% for the day. The total traded volume was 12,002,851 . The stock had closed at $27.29 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Sterne Agee CRT, downgrades their rating on the shares of EMC Corporation (NYSE:EMC). Sterne Agee CRT has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 2, 2016. The company shares have rallied 5.41% from its 1 Year high price. On Oct 12, 2015, the shares registered one year high at $28.77 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $27.66 and the 200 Day Moving Average price is recorded at $26.19.

EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.

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