AU Optronics Corp (ADR) (AUO) is Upgraded by BofA/Merrill to Buy

AU Optronics Corp (ADR) (AUO) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 19, 2016.

Many Wall Street Analysts have commented on AU Optronics Corp (ADR). AU Optronics Corp (ADR) was Upgraded by Credit Suisse to ” Outperform” on Jun 29, 2016.

On the company’s financial health, AU Optronics Corp (ADR) reported $-0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.40. The company had revenue of $71135.00 million for the quarter, compared to analysts expectations of $72386.56 million. The company’s revenue was down -25.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

AU Optronics Corp (ADR) opened for trading at $3.64 and hit $3.71 on the upside on Monday, eventually ending the session at $3.69, with a gain of 4.24% or 0.15 points. The heightened volatility saw the trading volume jump to 10,22,534 shares. Company has a market cap of $3,551 M.

Au Optronics Corp. is engaged in the research development production and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in a range of applications. The Company is also engaged in the production and sale of solar photovoltaic (PV) modules and systems. The Company operates in two business segments: Display Business and Solar Business. In the Display Business segment the Company designs develops manufactures assembles and markets flat panel displays. In the Solar Business segment the Company designs develops and manufactures PV modules as well as produce solar PV systems and provide various value-added services for solar PV systems projects.

AU Optronics Corp (ADR)

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