Analysts at UBS are out with a report today upgrading shares of Symantec Corporation (SYMC) with a ‘Buy’ from ‘Sell’ rating. The firm raised its price target for the company to $24 from $16.
Trading Measures
Symantec Corp. shares are currently priced at 5.56x this year’s forecasted earnings, compared to the industry’s 2.21x earnings multiple. Ticker has a forward P/E of 14.89 and t-12 price-to-sales ratio of 3.40. EPS for the same period is $3.71.
In the past 52 weeks, shares of Mountain View, California-based cybersecurity solutions provider have traded between a low of $16.14 and a high of $24.39 and are now at $20.64.
Shares are up 4.15% year-over-year and 19.53% year-to-date.
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Analysts at Barclays downgraded SolarCity Corporation (SCTY) from ‘Equal Weight’ to ‘Underweight’, the equivalent of a ‘Sell rating, with a price target of $20. The firm believes that weaker consumer credit fundamentals and higher interest rates could hurt the company.
Price Action
SolarCity Corp. rose $0.80 to $22.12 in recent trading. Shares of the $2.18 billion market cap company are down 63.10% year-over-year and 58.21% year-to-date.
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Netflix, Inc. (NFLX) was reiterated a ‘Buy’ this morning by Nomura’s Anthony DiClemente. The analyst also cut its price target on the stock to $115 from $125 after lowering his international subscriber estimates for 3Q16 to 2.35 million from 2.87 million, and 4Q16 to 3.23 million from 4.04 million. However, DiClemente also went on CNBC later in the day to defend Netflix shares.
Netflix rose as much as 2.25 percent, and was last up 0.2 percent to $94.47 at 2:50 p.m. in New York today.
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In a report published Monday, Credit Suisse analysts initiated coverage on Mobile TeleSystems (MBT) with a ‘Outperform’ rating.
In the past 52 weeks, shares of Moscow-based company have traded between a low of $5.15 and a high of $10.41 and are now at $8.65. Currently there are 7 analysts that rate MBT a ‘Buy’, 9 rate it a ‘Hold’. No analyst rates it a ‘Sell’. MBT has a median Wall Street price target of $8.78 with a high target of $12.00.
Shares are down 9.58% year-over-year ; up 35.28% year-to-date.
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