The stock of AU Optronics Corp (ADR) (NYSE:AUO) is a huge mover today! About 189,531 shares traded hands. AU Optronics Corp (ADR) (NYSE:AUO) has risen 32.73% since February 29, 2016 and is uptrending. It has outperformed by 20.51% the S&P500.
The move comes after 6 months positive chart setup for the $3.71B company. It was reported on Oct, 3 by Barchart.com. We have $6.19 PT which if reached, will make NYSE:AUO worth $2.30 billion more.
Analysts await AU Optronics Corp (ADR) (NYSE:AUO) to report earnings on October, 25.
AU Optronics Corp (ADR) (NYSE:AUO) Ratings Coverage
Out of 7 analysts covering AU Optronics (NYSE:AUO), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. AU Optronics has been the topic of 8 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Fubon Bank downgraded the stock to “” rating in Thursday, July 30 report. Citigroup upgraded the shares of AUO in a report on Thursday, April 7 to “Sell” rating. The stock of AU Optronics Corp (ADR) (NYSE:AUO) has “Neutral” rating given on Thursday, July 30 by KGI Securities. The rating was upgraded by Credit Suisse on Wednesday, June 29 to “Outperform”. The stock of AU Optronics Corp (ADR) (NYSE:AUO) has “Market Perform” rating given on Friday, September 9 by Bernstein. JP Morgan upgraded the stock to “Neutral” rating in Monday, January 11 report. The rating was upgraded by Bank of America on Tuesday, July 19 to “Buy”.
According to Zacks Investment Research, “Au Optronics is a world-leading manufacturer of large-size thin film transistor liquid crystal display panels, which are currently the most widely used flat panel display technology. They are used in notebook computers, desktop monitors, televisions, digital cameras, DVD players, PDAs, mobile phones, portable games, and car navigation systems, among other applications.”
More news for AU Optronics Corp (ADR) (NYSE:AUO) were recently published by: Marketwatch.com, which released: “AU Optronics stock price target raised to $15.40 from $8.30 at BofA Merrill Lynch” on December 21, 2009. Benzinga.com‘s article titled: “AU Optronics Upgraded To Outperform At Credit Suisse” and published on June 29, 2016 is yet another important article.
AUO Company Profile
AU Optronics Corp., incorporated on August 12, 1996, is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Firm operates in two business divisions: display business and solar business. Through Display business segment, the Company designs, develops, makes, assembles and markets flat panel displays and most of its products are TFT-LCD panels. The Company’s panels are primarily used in televisions, monitors, mobile personal computers (PCs), mobile devices and commercial and other applications (such as displays for automobiles, industrial PCs, automated teller machines, point of sale terminals and pachinko machines). Through Solar business segment, the Company is capable of manufacturing upstream and midstream products, such as ingots, solar wafers and solar cells.
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