Koninklijke Philips NV (ADR) (PHG) is Upgraded by Exane BNP Paribas to Outperform

Koninklijke Philips NV (ADR) (PHG) was Upgraded by Exane BNP Paribas to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Exane BNP Paribas advised their investors in a research report released on May 11, 2016.

Many Wall Street Analysts have commented on Koninklijke Philips NV (ADR). Koninklijke Philips NV (ADR) was Upgraded by HSBC Securities to ” Hold” on Mar 1, 2016. Koninklijke Philips NV (ADR) was Downgraded by Jefferies to ” Underperform” on Feb 16, 2016.

On the company’s financial health, Koninklijke Philips NV (ADR) reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $0.12. The company had revenue of $5517.00 million for the quarter, compared to analysts expectations of $5351.65 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Koninklijke Philips NV (ADR) opened for trading at $26.55 and hit $26.77 on the upside on Tuesday, eventually ending the session at $26.73, with a gain of 1.17% or 0.31 points. The heightened volatility saw the trading volume jump to 12,43,101 shares. Company has a market cap of $24,405 M.

Koninklijke Philips N.V. is a technology company. The Company operates in the segments of Healthcare Consumer Lifestyle and Lighting. It operates in the Innovation Group & Services (IG&S) sector. The Healthcare segment includes imaging systems customer services healthcare informatics solutions and services and patient care and monitoring solutions. The Consumer lifestyle segment includes personal care domestic appliances and health and wellness solutions. The Lighting segment offers various lighting solutions across a range of market segments. The Innovation Group & Services sector includes the activities of Group Innovation and Group and regional management organizations. Additionally the global shared business services for procurement finance human resources information technology (IT) and real estate are reported in this sector. It has around 93 production sites in 25 countries and sales and service outlets in approximately 100 countries.

Koninklijke Philips NV (ADR)

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