STMicroelectronics NV (EPA:STM) Receives Average Rating of “Buy” from Brokerages

STMicroelectronics NV (EPA:STM) has been given a consensus rating of “Buy” by the twelve brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is €19.15 ($22.27).

STM has been the topic of a number of recent analyst reports. Goldman Sachs Group set a €17.50 ($20.35) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Friday, August 9th. Morgan Stanley set a €18.00 ($20.93) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Wednesday, June 19th. Bank of America set a €17.30 ($20.12) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Monday, June 3rd. Deutsche Bank set a €22.00 ($25.58) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. set a €20.00 ($23.26) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Monday, July 22nd.

Shares of EPA:STM traded up €0.28 ($0.33) during midday trading on Friday, hitting €15.81 ($18.38). 2,149,208 shares of the company’s stock traded hands, compared to its average volume of 2,270,000. The firm has a fifty day moving average price of €16.06. STMicroelectronics has a twelve month low of €12.40 ($14.42) and a twelve month high of €21.45 ($24.94).

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Analyst Recommendations for STMicroelectronics (EPA:STM)

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