The stock of AU Optronics Corp (ADR) (NYSE:AUO) is a huge mover today! About 487,660 shares traded hands. AU Optronics Corp (ADR) (NYSE:AUO) has risen 36.04% since March 8, 2016 and is uptrending. It has outperformed by 26.73% the S&P500.
The move comes after 5 months negative chart setup for the $3.52 billion company. It was reported on Oct, 11 by Barchart.com. We have $3.38 PT which if reached, will make NYSE:AUO worth $246.40 million less.
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. The stock of AU Optronics Corp (ADR) (NYSE:AUO) earned “Market Perform” rating by Bernstein on Friday, September 9. Citigroup upgraded AU Optronics Corp (ADR) (NYSE:AUO) on Thursday, April 7 to “Sell” rating. On Monday, January 11 the stock rating was upgraded by JP Morgan to “Neutral”. The firm earned “” rating on Thursday, July 30 by Fubon Bank. The rating was upgraded by Credit Suisse on Wednesday, June 29 to “Outperform”. The stock of AU Optronics Corp (ADR) (NYSE:AUO) earned “Buy” rating by Bank of America on Tuesday, July 19. The rating was downgraded by KGI Securities to “Neutral” on Thursday, July 30.
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.”
Another recent and important AU Optronics Corp (ADR) (NYSE:AUO) news was published by Marketwatch.com which published an article titled: “AU Optronics Corp. ADR” on December 21, 2009.
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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