Tech Data Corporation (TECD) Receives Analyst Rating

Tech Data Corporation (TECD) has an average broker rating of 2.83, which is interpreted as a Hold, as rated by 6 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 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 3, which is also a Hold. 1 considers that the stock is a Sell.

Tech Data Corporation (TECD) : The highest short term price target forecast on Tech Data Corporation (TECD) is $82 and the lowest target price is $76. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $79.33 with a standard deviation of $3.06.


Also, Equity analysts at the Brokerage firm Bank of America upgrades its rating on Tech Data Corporation (NASDAQ:TECD). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on August 30, 2016.

Tech Data Corporation (NASDAQ:TECD): After opening at $69, the stock dipped to an intraday low of $68.07 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $69.57 and the buying power remained strong till the end. The stock closed at $69.47 for the day, a gain of 0.72% for the day session. The total traded volume was 531,031. The stocks close on the previous trading day was $68.97.

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing customers with logistics capabilities and services. Its customers include approximately 115,000 value-added resellers (VARs), direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in more than 100 countries throughout North America, South America, Europe, the Middle East and Africa. The Company is managed in two geographic segments: the Americas and Europe. In addition to a range of product offerings, the Company provides resellers training and technical support, suite of electronic commerce tools (including Internet order entry and electronic data interchange (EDI) services), customized shipping documents, product configuration or integration services and access to financing programs.

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