United Technologies Corporation (UTX) : Analyst Rating Update

United Technologies Corporation (UTX) : Zacks Investment Research ranks United Technologies Corporation (UTX) as 4, which is a Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.37, which indicates as a Buy.

United Technologies Corporation (UTX) : The highest level United Technologies Corporation (UTX) is projected to reach is $118 for the short term and the lowest estimate is at $74. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $107.75 and the possibility the share price can swing is $11.77.

United Technologies Corporation (NYSE:UTX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.55 and $99.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.38, notching a gain of 0.76% for the day. The total traded volume was 5,227,517 . The stock had closed at $100.62 on the previous day.

Also, Major Brokerage house, RBC Capital downgrades its ratings on United Technologies Corporation (NYSE:UTX). According to the latest information available, the shares are now rated Sector Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 3, 2016. The company shares have dropped -7.41% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $112.36 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $100.66 and the 200 Day Moving Average price is recorded at $97.04.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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