Infineon Technologies (ETR:IFX) Rating Upped

DZ BANK raised Infineon Technologies (ETR:IFX)’s stock to “Buy” rating. The ratings change was made public in an analyst report today.

The firm’s rating upgrade is welcomed by stock traders, as ETR:IFX is right now trading 2.33% higher at EUR 17.55 as of 6:05 PM Frankfurt time. Infineon Technologies shares have [From2] 0% over the last 200 days, while the S&P500 Index has added 8.57% in the same time.

Infineon Technologies (ETR:IFX) Profile

Infineon Technologies AG and its subsidiaries design, develop, manufacture and market a range of semiconductors and related system solutions. The Company’s segments include 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 up 2.33% on 2 February, hitting EUR 17.55. A total of 7.32M shares of the company’s stock traded hands. This is up from average of 3.14M shares. Infineon Technologies has a 52 week low of EUR 10.11 and a 52 week high of EUR 17.75. The company has a market cap of 19.90B EUR and a P/E ratio of 26.61.

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The post Infineon Technologies (ETR:IFX) was Upgraded by Equity Research Analysts at DZ BANK to a “Buy” Rating appeared first on Octafinance.