Sony Corp Ord (SNE) : The consensus on Sony Corp Ord (SNE) based on 2 analyst recommendation on the company stock is 1, 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, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.
Also, In the latest statement by the brokerage house, Deutsche Bank upgrades its outlook on Sony Corp Ord (NYSE:SNE). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on July 6, 2016.
Sony Corp Ord (NYSE:SNE): After opening at $31.98, the stock dipped to an intraday low of $31.9 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $32.57 and the buying power remained strong till the end. The stock closed at $32.47 for the day, a gain of 0.78% for the day session. The total traded volume was 608,790. The stocks close on the previous trading day was $32.22.
Sony Corporation (Sony) is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software. The Companys segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other. Its manufacturing facilities are located in Asia, including Japan. Sony also utilizes third-party contract manufacturers for certain products. Sonys products are marketed throughout the world by sales subsidiaries and unaffiliated distributors, as well as direct sales through the Internet. Sony is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. The Company also develops, produces and distributes recorded music.