Infineon Technologies (ETR:IFX) Change of Rating

Stock analysts at Commerzbank AG’s equities research division increased Infineon Technologies (ETR:IFX)’s stock to Buy on Wednesday morning. The investment analysts at Commerzbank AG have a PT of EUR 16.50 on IFX or 43.85 % more upside.

ETR:IFX Price Chart & Trend

The stock price of Infineon Technologies has increased 4.11% over the last 200 days, and is in very weak up trend. In the last 50 and 100 days, Infineon Technologies is down 3.05% and up 10.27%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Infineon Technologies (ETR:IFX) Profile

Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. It diversifies its operations into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket. The Automotive division designs, develops, manufactures and markets semiconductors for use in automotive applications.

Infineon Technologies (ETR:IFX) traded down -2.40% on 3 February, hitting EUR 11.2. A total of 9.95M shares of the company’s stock traded hands. This is up from average of 6.66M shares. Infineon Technologies has a 52 week low of EUR 8.32 and a 52 week high of EUR 14.19. The company has a market cap of 12.94B EUR and a P/E ratio of 20.35.

Get the latest Infineon Technologies (ETR:IFX) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Infineon Technologies (ETR:IFX) Rating Upped to Buy at Commerzbank AG with EUR 16.50 Target appeared first on Octafinance.