AU Optronics (OTCMKTS:AUOTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The firm presently has a $5.50 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 3.38% from the company’s current price.
According to Zacks, “Au Optronics is a world-leading manufacturer of large-size thin film transistor liquid crystal display panels, which are currently the most widely used flat panel display technology. They are used in notebook computers, desktop monitors, televisions, digital cameras, DVD players, PDAs, mobile phones, portable games, and car navigation systems, among other applications. “
AU Optronics stock opened at $5.32 on Tuesday. The stock has a market capitalization of $5.12 billion, a PE ratio of -7.39 and a beta of 1.30. AU Optronics has a twelve month low of $1.80 and a twelve month high of $5.47. The company has a quick ratio of 1.31, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $4.94 and a 200-day moving average of $3.96.
AU Optronics Corp. designs, develops, manufactures, assembles, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays. The company operates in two segments, Display and Energy. The Display segment designs, develops, manufactures, assembles, and markets flat panel displays for use in televisions, monitors, mobile PCs and devices, automobiles, industrial PCs, automated teller machines, point of sale terminals, pachinko machines, medical equipment, etc.
Featured Story: How to track put option volume
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AU Optronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AU Optronics and related companies with MarketBeat.com's FREE daily email newsletter.