The stock of Sony Corp (ADR) (NYSE:SNE) is a huge mover today! About 656,600 shares traded hands. Sony Corp (ADR) (NYSE:SNE) has risen 35.19% since March 11, 2016 and is uptrending. It has outperformed by 29.73% the S&P500.
The move comes after 8 months negative chart setup for the $41.91B company. It was reported on Oct, 14 by Barchart.com. We have $30.67 PT which if reached, will make NYSE:SNE worth $2.93B less.
Analysts await Sony Corp (ADR) (NYSE:SNE) to report earnings on November, 3. They expect $-0.20 EPS, down 190.91% or $0.42 from last year’s $0.22 per share. After $0.16 actual EPS reported by Sony Corp (ADR) for the previous quarter, Wall Street now forecasts -225.00% negative EPS growth.
Sony Corp (ADR) (NYSE:SNE) Ratings Coverage
Out of 4 analysts covering Sony Corp (NYSE:SNE), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Sony Corp has been the topic of 5 analyst reports since August 16, 2015 according to StockzIntelligence Inc. The rating was upgraded by TheStreet to “Buy” on Monday, August 24. As per Friday, September 4, the company rating was maintained by Nomura. The rating was maintained by JP Morgan on Sunday, August 16 with “Overweight”. The rating was upgraded by Deutsche Bank to “Buy” on Wednesday, July 6. As per Thursday, April 21, the company rating was downgraded by JP Morgan.
According to Zacks Investment Research, “Sony Corporation develops and manufactures consumer and industrial electronic equipment. The Company’s products include audio and video equipment, televisions, displays, semiconductors, electronic components, computers and computer peripherals, and telecommunication equipment. The Company is also active in the worldwide music and image-based software markets.”
Another recent and important Sony Corp (ADR) (NYSE:SNE) news was published by 247Wallst.com which published an article titled: “HBO and Cinemax Join PlayStation Vue” on September 30, 2016.
SNE Company Profile
Sony Corporation (Sony), incorporated on May 7, 1946, 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 divisions include Mobile Communications (MC), Game & Network Services (G&NS), Imaging Products & Solutions (IP&S), Home Entertainment & Sound (HE&S), Devices, Pictures, Music, Financial Services and All Other. Sony is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. Sony is also engaged in the development, production, manufacture and distribution of recorded music and the management and licensing of the words and music of songs. It is also engaged in various financial services businesses, including life and non-life insurance operations, through its Japanese insurance subsidiaries and banking activities through a Japanese Internet banking subsidiary. In addition, Sony is engaged in a network services business and an advertising agency business in Japan. The Company’s manufacturing facilities are located in Asia, including Japan. Sony also utilizes third-party contract manufacturers for certain products.
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