InterDigital (IDCC) Receives Analyst Rating

InterDigital (IDCC) has an average broker rating of 2, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

InterDigital (IDCC) : 3 Wall Street analysts covering InterDigital (IDCC) believe that the average level the stock could reach for the short term is $73.67. The maximum price target given is $80 and the minimum target for short term is around $66, hence the standard deviation is calculated at $7.09.


Also, In a research note released to the investors, Barclays maintains its rating on InterDigital (NASDAQ:IDCC).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Barclays raises the new price target from $65 per share to $75 per share. The rating by the firm was issued on September 9, 2016.

InterDigital (NASDAQ:IDCC): After opening at $73.8, the stock dipped to an intraday low of $73.61 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $76.28 and the buying power remained strong till the end. The stock closed at $75.78 for the day, a gain of 2.68% for the day session. The total traded volume was 756,231. The stocks close on the previous trading day was $73.8.

InterDigital, Inc. (InterDigital) designs and develops advanced technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks. The Company is engaged in developing cellular technologies, including those related to code division multiple access (CDMA) and time division multiple access (TDMA) and orthogonal frequency division multiplexing/ orthogonal frequency division multiple access (OFDM/OFDMA) and multiple input multiple output (MIMO). The Companys wireless background includes engineering and corporate development activities that focus on solutions that apply to other wireless market segments.

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