Credit Suisse Keeps Their Buy Rating on Stmicroelectronics NV (STM)


According to The Fly, credit Suisse analyst Achal Sultania maintained a Buy rating on Stmicroelectronics NV (STM) yesterday. The company’s shares closed yesterday at $14.11, close to its 52-week low of $13.56.

According to TipRanks.com, Sultania is a 1-star analyst with an average return of -6.1% and a 52.6% success rate. Sultania covers the Consumer Goods sector, focusing on stocks such as Infineon Technologies AG, Nokia Corp, and Ericsson.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stmicroelectronics NV with a $15 average price target.

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Stmicroelectronics NV’s market cap is currently $12.64B and has a P/E ratio of 10.64. The company has a Price to Book ratio of 2.13.

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STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications.

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