(BofA) – Bank of America Downgrades Intel Corp.’s Score To A “Sell”
Intel Corp. (NASDAQ: INTC) just lately obtained the ranking of “Sell” after a consensus from analysts on the Bank of America this Tuesday, December 15. That is down from their earlier ranking of “Hold” for the tech large.
The agency has additionally issued a revised price goal on the corporate. They presently maintain $45.00 because the goal price for Intel stocks. This means that the corporate is prone to face an 11.18% draw back since its final shut.
INTC stocks traded at $50.67 this Tuesday. The corporate’ present market capitalization stands at $207.63 billion. It has a PE ratio of 9.93, together with a beta value of 0.74 in the intervening time. The 12-monthly excessive to low ranges from $69.29 to $43.61. The 50SMA (Easy Transferring Common) stands at $47.06 and its 200SMA stands at $52.27. The corporate’s present ratio stands at 1.66, fast ratio at 1.24 and the debt-to-equity ratio at 0.48.
Intel Corp. (NASDAQ: INTC) Stock Evaluation
The quarterly earnings report for the earlier quarter was launched on the 22nd of October. The earnings stood at $1.11 EPS versus the overall consensus of $1.10. The corporate’s return on fairness stood at 29.44% together with the web margin of 28.10%. The estimated earnings for the agency was marked at $18.26 billion but it surely made $18.33 billion for the quarter.
NASDAQ: INTC has just lately been the topic of loads of experiences by analysis analysts. Some resembling ValuEngine, Deutsche Bank, Mizuho, Northland Securities, Truist and so forth have issued experiences on this firm over the previous few months.
ValuEngine rated the corporate as “sell” on 10th September. Northland Securities elevated the ranking to “market perform” from an earlier “underperform” ranking. Mizuho gave out a “buy” ranking and so forth.
The latest consensus ranking of Intel Corp. stands at “Hold” and the consensus on the goal price is $57.92. A number of hedge funds have additionally been concerned in shopping for and promoting of NASDAQ: INTC shares just lately.