MediaTek (OTCMKTS:MDTKF) Coverage Initiated at Loop Capital

Research analysts at Loop Capital started coverage on shares of MediaTek (OTCMKTS:MDTKFGet Rating) in a note issued to investors on Wednesday, The Fly reports. The firm set a “hold” rating on the stock.

Separately, JPMorgan Chase & Co. downgraded MediaTek from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 29th.

Shares of MDTKF stock opened at $7.30 on Wednesday. The stock has a 50 day moving average of $7.30 and a two-hundred day moving average of $7.30. MediaTek has a 12 month low of $7.30 and a 12 month high of $7.30.

About MediaTek (Get Rating)

MediaTek Inc researches, develops, produces, and markets integrated circuits (ICs) worldwide. It provides multimedia, computer peripherals oriented, consumer-oriented, and other application ICs. The company offers products for smartphones, such as MediaTek Helio chipsets; octa-core and quad-core system-on-chips (SoC); 32-bit chipsets; and SOCs for Google Mobile Service Express.

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