Published On: Wed, Oct 19th, 2016

Intel Corporation (NASDAQ:INTC) Receives Buy Rating From Canaccord Genuity Analysts


Intel Corporation (NASDAQ:INTC) had its stock rating reiterated as ‘Buy’ in a report released by analysts at Canaccord Genuity.

Canaccord Genuity today set a target price of 43 on the company’s stock. According to the analyst this now indicates there is a potential increase of 20.36% from Intel Corporation’s current price of 35.73.

NASDAQ:INTC


Over the last twelve months Intel Corporation’s stock price has increased by 9.82% from 32.53 to 35.73.

There are currently 4,731,000,000 shares in issue with a current share value of 35.73 giving Intel Corporation a market capitalisation of 169.01B USD .

Intel Corporation (NASDAQ:INTC) has a 50 day moving average of 36.98 and a 200 day moving average of 33.74. The 52 week high for the share price is 38.36 while the 52 week low for the stock is 27.68.

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. The CCG operating segment includes platforms that integrates in notebook, two in one systems, desktop computers for consumers and businesses, tablets, and phones.