Intel Corp. Stock Rating Reaffirmed by Sterne Agee (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “neutral” rating reiterated by investment analysts at Sterne Agee in a note issued to investors on Thursday, American Banking & Market News reports. They currently have a $25.95 price target on the stock, up from their previous price target of $20.00. Sterne Agee’s price objective suggests a potential upside of 0.66% from the stock’s previous close.
Intel Corp. (NASDAQ:INTC) opened at 25.78 on Thursday. Intel Corp. has a one year low of $20.10 and a one year high of $26.04. The stock has a 50-day moving average of $24.71 and a 200-day moving average of $23.68. The company has a market cap of $128.2 billion and a P/E ratio of 13.95.
In other Intel Corp. news, President Renee Jo James sold 22,577 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $26.00, for a total value of $587,002.00. Following the completion of the sale, the president now directly owns 54,842 shares of the company’s stock, valued at approximately $1,425,892. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. reiterated a “top pick” rating on shares of Intel Corp. in a research note to investors on Thursday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Friday, December 20th. Finally, analysts at Deutsche Bank downgraded shares of Intel Corp. to a “neutral” rating in a research note to investors on Wednesday, December 18th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.66.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.