Sony Corp. (NYSE:SNE) shares gapped up prior to trading on Wednesday . The stock had previously closed at $29.05, but opened at $29.19. Sony Corp. shares last traded at $29.85, with a volume of 920,348 shares traded.

Several equities analysts have weighed in on SNE shares. Deutsche Bank AG upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating in a report on Wednesday. Vetr upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating and set a $28.90 target price on the stock in a report on Monday, April 25th. JPMorgan Chase & Co. lowered shares of Sony Corp. from an “overweight” rating to a “neutral” rating in a report on Thursday, April 21st. TheStreet lowered shares of Sony Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Finally, Zacks Investment Research lowered shares of Sony Corp. from a “hold” rating to a “strong sell” rating in a report on Monday, May 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $34.29.

The firm’s 50-day moving average is $28.15 and its 200-day moving average is $25.01. The firm has a market capitalization of $37.96 billion and a PE ratio of 26.39.

Sony Corp. (NYSE:SNE) last announced its quarterly earnings results on Thursday, April 28th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by $0.07. The business earned $1,824.10 billion during the quarter, compared to analyst estimates of $64.27 billion. During the same quarter in the prior year, the firm posted ($91.39) EPS. Analysts anticipate that Sony Corp. will post $0.67 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in SNE. Comerica Bank boosted its position in shares of Sony Corp. by 0.6% in the fourth quarter. Comerica Bank now owns 115,095 shares of the company’s stock valued at $2,647,000 after buying an additional 681 shares during the period. World Asset Management Inc boosted its position in shares of Sony Corp. by 2.4% in the fourth quarter. World Asset Management Inc now owns 66,775 shares of the company’s stock valued at $1,643,000 after buying an additional 1,542 shares during the period. Morgan Stanley boosted its position in shares of Sony Corp. by 0.6% in the fourth quarter. Morgan Stanley now owns 2,295,809 shares of the company’s stock valued at $56,499,000 after buying an additional 13,044 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Sony Corp. by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 247,264 shares of the company’s stock valued at $6,086,000 after buying an additional 13,699 shares during the period. Finally, Sabal Capital Management LLC bought a new position in shares of Sony Corp. during the fourth quarter valued at $1,223,000.

Sony Corporation (Sony) is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

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