Samsung Electronics (OTCMKTS:SSNLF) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Samsung Electronics (OTCMKTS:SSNLF) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

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

Samsung Electronics Price Performance

OTCMKTS:SSNLF opened at $140.00 on Wednesday. Samsung Electronics has a one year low of $65.21 and a one year high of $140.00. The company has a market cap of $18.07 billion, a PE ratio of 52.24 and a beta of 0.88. The firm has a 50-day moving average of $140.00 and a 200-day moving average of $106.82.

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.