Skip to main content

Stock Update (NASDAQ:QCOM): Qualcomm (QCOM) Stock is Friday’s ‘Chart of the Day’

[at TheStreet] – TheStreet’s Chris Versace and Bob Lang say Qualcomm’s (QCOM) chart shows a budding buy signal. Read more on this. QUALCOMM Incorporated (QCOM) , valued at $80.09B, started trading this morning at $52.97. Looking at today’s market, QCOM one day range is $52.87 to $54.58 with its 52-week range being $42.24 to $71.32. Priced at 12.93x this year’s forecasted earnings, QCOM shares are relatively expensive compared to the industry’s -2.84x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.12 per share annually in dividends, yielding 4.08%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.96 per share, which would be $0.03 worse than the year-ago quarter and a $0.06 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.08, which would be a $0.58 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.57 Billion. If reported, that would be a 4.46% decrease over the year-ago quarter. In terms of ratings, Credit Agricole Initiated QCOM at Outperform (May 17, 2016). Previously, Rosenblatt downgraded QCOM from Buy to Neutral. When considering if the stock is under or overvalued, the average price target is $57.12, which is 7.83% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Has Qualcomm Become a Value Stock? (QCOM) Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Here’s Why Qualcomm (QCOM) Stock is Down Today
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.