Societe Generale Upgrades International Business Machines Corp. to Hold

Brokerage firm Societe Generale Upgrades its rating on International Business Machines Corp.(NYSE:IBM). The shares have been rated Hold. Previously, the analysts had a Sell rating on the shares. The rating by Societe Generale was issued on Sep 26, 2016.

In a different note, Oppenheimer said it Initiates Coverage on International Business Machines Corp., according to a research note issued on Aug 16, 2016. The shares have been rated ‘Perform’ by the firm. On Jul 25, 2016, Standpoint Research said it Downgrades its rating on International Business Machines Corp.. The shares have been rated ‘Hold’ by the firm. On Jul 19, 2016, Goldman Sachs said it Maintains its rating on International Business Machines Corp.. The shares have been rated ‘Neutral’ by the firm. On Jul 19, 2016, Credit Suisse said it Maintains its rating on International Business Machines Corp.. The shares have been rated ‘Underperform’ by the firm. On Jul 19, 2016, Citigroup said it Maintains its rating on International Business Machines Corp.. In the research note, the firm Raises the price-target to $140.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 19, 2016, Barclays said it Maintains its rating on International Business Machines Corp.. The shares have been rated ‘Underweight’ by the firm.

International Business Machines Corp. (IBM) made into the market gainers list on Thursdays trading session with the shares advancing 0.37% or 0.58 points. Due to strong positive momentum, the stock ended at $156.11, which is also near the day’s high of $157.22. The stock began the session at $156.15 and the volume stood at 26,91,115 shares. The 52-week high of the shares is $164.95 and the 52 week low is $116.901. The company has a current market capitalization of $149,217 M and it has 95,58,44,220 shares in outstanding.

International Business Machines Corp.(IBM) last announced its earnings results on Jul 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $20.24B. Analysts had an estimated revenue of $20.03B. Earnings per share were $2.95. Analysts had estimated an EPS of $2.88.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Robert J Picciano (Senior Vice President) sold 1,922 shares at $159.15 per share price.Also, On Aug 24, 2016, Martin Jetter (Senior Vice President) sold 3,788 shares at $160.47 per share price.On Aug 24, 2016, Erich Clementi (Senior Vice President) sold 6,000 shares at $160.28 per share price, according to the Form-4 filing with the securities and exchange commission.

International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS) which includes Strategic Outsourcing Integrated Technology Services Cloud and Technology Support Services and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS) which offers its services across Consulting and Systems Integration Global Process Services and Application Management Services; Software which consists of middleware and operating systems software; Systems and Technology (STG) which provides infrastructure technologies and Global Financing which provides financing solutions for products or services that are critical to the end users’ business operations. Its IBM Watson Health Cloud platform collects clinical research and social data from a range of health sources and creates a cloud-based data sharing hub.

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