STMicroelectronics NV (EPA:STM) Given Average Rating of “Buy” by Analysts

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

Several analysts have issued reports on STM shares. Credit Suisse Group set a €19.00 ($22.09) price target on STMicroelectronics and gave the company a “buy” rating in a report on Friday, July 26th. Oddo Bhf set a €22.00 ($25.58) price target on STMicroelectronics and gave the company a “buy” rating in a report on Thursday, July 11th. Barclays set a €20.00 ($23.26) price target on STMicroelectronics and gave the company a “buy” rating in a report on Friday, July 26th. Morgan Stanley set a €18.00 ($20.93) price target on STMicroelectronics and gave the company a “buy” rating in a report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. set a €20.00 ($23.26) price target on STMicroelectronics and gave the company a “buy” rating in a report on Monday, July 22nd.

EPA:STM traded up €0.05 ($0.06) during mid-day trading on Friday, hitting €15.53 ($18.06). 2,926,461 shares of the company traded hands, compared to its average volume of 2,270,000. The company has a fifty day moving average of €16.05. STMicroelectronics has a one year low of €12.40 ($14.42) and a one year high of €21.45 ($24.94).

STMicroelectronics Company Profile

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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