Kepler Capital Markets Reiterates Sell Rating for STMicroelectronics (STM)
STMicroelectronics (EPA:STM)‘s stock had its “sell” rating reissued by equities researchers at Kepler Capital Markets in a report issued on Monday.
A number of other equities analysts also recently commented on the company. J P Morgan Chase & Co set a €16.30 ($19.18) target price on STMicroelectronics and gave the company a “buy” rating in a research note on Friday, September 8th. Morgan Stanley set a €11.70 ($13.76) price objective on STMicroelectronics and gave the stock a “sell” rating in a research report on Friday, October 6th. Citigroup Inc. set a €21.00 ($24.71) price objective on STMicroelectronics and gave the stock a “neutral” rating in a research report on Friday, October 27th. UBS AG set a €13.00 ($15.29) price objective on STMicroelectronics and gave the stock a “sell” rating in a research report on Thursday, October 12th. Finally, Deutsche Bank AG set a €14.00 ($16.47) price objective on STMicroelectronics and gave the stock a “sell” rating in a research report on Friday, October 13th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of €16.98 ($19.97).
STMicroelectronics (EPA:STM) opened at €20.97 ($24.67) on Monday. STMicroelectronics has a 52 week low of €8.64 ($10.16) and a 52 week high of €21.45 ($25.24).
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STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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