Short Term Rating on Avago Technologies Limited (AVGO)

Avago Technologies Limited (AVGO) : The consensus on Avago Technologies Limited (AVGO) based on 28 analyst recommendation on the company stock is 1.16, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 24 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. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Avago Technologies Limited (AVGO) has been rated by 26 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $211 and the lowest price target forecast is $130. The average forecast of all the analysts is $188.31 and the expected standard deviation is $16.83.

For the current week, the company shares have a recommendation consensus of Buy.


Avago Technologies Limited (NASDAQ:AVGO): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $158.58 and $158.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $160.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $158.59, notching a gain of 0.78% for the day. The total traded volume was 2,032,892 . The stock had closed at $157.36 on the previous day.

Avago Technologies Limited (Avago) is a designer, developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporations (LSIs) storage products and PLX Technology, Inc.s (PLXs) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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