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Company Update (NASDAQ:INTC): Intel (INTC) Stock Climbs, Bernstein Upgrades

[at TheStreet] – Intel (INTC) stock is rising on Friday morning after Bernstein increased its rating on shares to ‘market perform.’ Read more on this. Intel Corporation (INTC) , valued at $160.29B, started the session at $33.68. Shares have traded today between $33.50 and $33.96 per share with its 52-week range being $24.87 to $35.59. Intel (INTC) shares are currently priced at 13.78x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.14x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.18%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.53 per share, which would be $0.02 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.41, which would be a $0.08 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.53 Billion. If reported, that would be a 2.50% increase over the year-ago quarter. Recently, Bernstein upgraded INTC from Underperform to Mkt Perform (Jul 8, 2016). Previously, Credit Agricole Initiated INTC at to Underperform. Investors should keep in mind is that the average price target is $35.54, which is 5.52% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss Market Update: Intel Corporation (NASDAQ:INTC) – Qualcomm (QCOM) Stock Climbs, Bernstein Bullish Despite Intel Risk Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points
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