Zacks Investment Research Upgrades Tokyo Electron (TOELY) to Strong-Buy

Zacks Investment Research upgraded shares of Tokyo Electron (NASDAQ:TOELY) from a hold rating to a strong-buy rating in a research report released on Tuesday, October 10th. The brokerage currently has $44.00 price target on the stock.

According to Zacks, “Tokyo Electron Limited (TEL) is a company mainly engaged in the manufacture and sale of electronic products for industrial uses. TEL is the largest manufacturer of IC and FPD production equipment in Japan and the third largest in the world. The Semiconductor Manufacturing Equipment segment is engaged in the provision of coaters and developers for wafer processing, plasma etching equipment, thermal processing systems and others. The Flat-panel Display (FPD) Manufacturing Equipment segment is engaged in the provision of coaters and developers for FPD manufacturing, plasma etching/ashing apparatus and others. The Electronic Component and Information Communication Equipment segment provides semiconductor products such as integrated circuits (ICs), computer and network equipment and software. In addition, the Company is also involved in logistics, facility management and insurance businesses. “

Shares of Tokyo Electron (NASDAQ TOELY) opened at 41.69 on Tuesday. The stock has a market capitalization of $27.36 billion and a P/E ratio of 20.66. Tokyo Electron has a 12 month low of $21.19 and a 12 month high of $41.69. The firm has a 50 day moving average of $38.03 and a 200-day moving average of $34.88.

ILLEGAL ACTIVITY NOTICE: “Zacks Investment Research Upgrades Tokyo Electron (TOELY) to Strong-Buy” was originally posted by The Ledger Gazette and is the sole prope

According to Zacks, “Tokyo Electron Limited (TEL) is a company mainly engaged in the manufacture and sale of electronic products for industrial uses. TEL is the largest manufacturer of IC and FPD production equipment in Japan and the third largest in the world. The Semiconductor Manufacturing Equipment segment is engaged in the provision of coaters and developers for wafer processing, plasma etching equipment, thermal processing systems and others. The Flat-panel Display (FPD) Manufacturing Equipment segment is engaged in the provision of coaters and developers for FPD manufacturing, plasma etching/ashing apparatus and others. The Electronic Component and Information Communication Equipment segment provides semiconductor products such as integrated circuits (ICs), computer and network equipment and software. In addition, the Company is also involved in logistics, facility management and insurance businesses. “

Shares of Tokyo Electron (NASDAQ TOELY) opened at 41.69 on Tuesday. The stock has a market capitalization of $27.36 billion and a P/E ratio of 20.66. Tokyo Electron has a 12 month low of $21.19 and a 12 month high of $41.69. The firm has a 50 day moving average of $38.03 and a 200-day moving average of $34.88.

ILLEGAL ACTIVITY NOTICE: “Zacks Investment Research Upgrades Tokyo Electron (TOELY) to Strong-Buy” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/21/tokyo-electron-toely-rating-increased-to-strong-buy-at-zacks-investment-research.html.

Get a free copy of the Zacks research report on Tokyo Electron (TOELY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Tokyo Electron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tokyo Electron and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply