Infineon Technologies (ETR:IFX) Rating Downgrade
Infineon Technologies (ETR:IFX) was lowered by equity research analysts at Oddo Seydler Bank AG to Reduce rating in analysts note revealed on Thursday morning. The firm currently has a EUR 13.00 target on the stock. Oddo Seydler Bank AG’s target means a potential downside of -16.18 %.
The company’s rating downgrade is noticed by stock speculators, as ETR:IFX is at the moment trading -0.74% lower at EUR 15.51 as of 20:08 Frankfurt time. Infineon Technologies’s stock is up 23.59% in the last 200 days. It has outperformed the S&P 500, which has gained 2.61% in the same time period.
ETR:IFX Price Chart & Trend
The stock price of Infineon Technologies gained 23.59% over the last 200 days, and is in very strong up trend. In the last 50 and 100 days, Infineon Technologies is up 8.42% and up 18.31%, respectively. Our stocks momentum model is shown on the price chart below.
Infineon Technologies (ETR:IFX) Profile
Infineon Technologies AG develops, manufactures and markets a range of semiconductors and system solutions. The Company operates through four segments: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.
Infineon Technologies (ETR:IFX) traded down -0.74% on 13 October, hitting EUR 15.51. A total of 4.57M shares of the company’s stock traded hands. This is up from average of 3.79M shares. Infineon Technologies has a 52 week low of EUR 10.11 and a 52 week high of EUR 16.26. The company has a market cap of 17.57B EUR and a P/E ratio of 20.95.
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