Zacks Rating on Avago Technologies Limited (AVGO)

Avago Technologies Limited (AVGO) : The consensus on Avago Technologies Limited (AVGO) based on 25 analyst recommendation on the company stock is 1.1, 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, 22 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.

Avago Technologies Limited (AVGO) has been rated by 24 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $211 and the lowest price target forecast is $160. The average forecast of all the analysts is $191.13 and the expected standard deviation is $12.59.


Shares of Broadcom Limited rose by 2.87% in the last five trading days and 10.99% for the last 4 weeks. Broadcom Limited is up 17.49% in the last 3-month period. Year-to-Date the stock performance stands at 22.97%. Avago Technologies Limited (NASDAQ:AVGO): stock turned positive on Tuesday. Though the stock opened at $176.72, the bulls momentum made the stock top out at $177.47 level for the day. The stock recorded a low of $176.12 and closed the trading day at $177.34, in the green by 0.80%. The total traded volume for the day was 1,974,091. The stock had closed at $175.93 in the previous days trading.

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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