Zacks Research Upgrades Samsung Electronics (OTCMKTS:SSNLF) to Hold

Samsung Electronics (OTCMKTS:SSNLF) was upgraded by equities researchers at Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Erste Group Bank lowered Samsung Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Samsung Electronics Stock Performance

Shares of SSNLF opened at $140.00 on Wednesday. The stock’s 50-day simple moving average is $140.00 and its 200 day simple moving average is $106.82. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 52.24 and a beta of 0.88. Samsung Electronics has a 52-week low of $65.21 and a 52-week high of $140.00.

Samsung Electronics Company Profile

Samsung Electronics Co, Ltd. is a South Korean multinational technology company headquartered in Suwon, South Korea. As a core subsidiary of the Samsung Group, the company designs, develops and manufactures a broad range of consumer electronics, mobile communications devices and semiconductor products. Its diversified portfolio spans televisions and home appliances, smartphones and network equipment, as well as memory and system LSI chips used across data centers and automotive platforms.

In the consumer electronics segment, Samsung is known for high-definition TVs, monitors, refrigerators, washing machines and air conditioners, incorporating smart connectivity and energy-efficient technologies.