AU Optronics (OTCMKTS:AUOTY) Raised to Buy at Zacks Investment Research

AU Optronics (OTCMKTS:AUOTY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage currently has a $3.50 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.01% 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. “

OTCMKTS AUOTY traded up $0.03 during trading hours on Tuesday, reaching $3.07. The company’s stock had a trading volume of 146,392 shares, compared to its average volume of 146,017. The company has a quick ratio of 1.32, a current ratio of 1.58 and a debt-to-equity ratio of 0.63. AU Optronics has a 1 year low of $1.80 and a 1 year high of $3.76. The firm’s 50-day moving average price is $2.75 and its 200-day moving average price is $2.88. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -4.72 and a beta of 1.33.

AU Optronics Company Profile

AU Optronics Corp. designs, develops, manufactures, assembles, and sells thin film transistor liquid crystal displays and other flat panel displays. The company operates through 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.

Read More: What are the advantages to having securities held in street name?

Get a free copy of the Zacks research report on AU Optronics (AUOTY)

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.