Samsung Electronics (OTCMKTS:SSNLF) Stock Rating Upgraded by Zacks Research

Samsung Electronics (OTCMKTS:SSNLF) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Erste Group Bank cut Samsung Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Samsung Electronics presently has an average rating of “Moderate Buy”.

Samsung Electronics Stock Performance

Shares of SSNLF stock opened at $140.00 on Wednesday. The stock has a market capitalization of $18.07 billion, a P/E ratio of 52.24 and a beta of 0.88. The firm’s 50 day moving average is $140.00 and its 200 day moving average is $106.82. Samsung Electronics has a 12 month low of $65.21 and a 12 month high of $140.00.

About Samsung Electronics

Samsung Electronics Co, Ltd. is a South Korean multinational technology company headquartered in Suwon, South Korea. As a core subsidiary of the Samsung Group, the company designs, develops and manufactures a broad range of consumer electronics, mobile communications devices and semiconductor products. Its diversified portfolio spans televisions and home appliances, smartphones and network equipment, as well as memory and system LSI chips used across data centers and automotive platforms.

In the consumer electronics segment, Samsung is known for high-definition TVs, monitors, refrigerators, washing machines and air conditioners, incorporating smart connectivity and energy-efficient technologies.