Sony Corp Ord (SNE) : Analyst Rating Update

Sony Corp Ord (SNE) : Zacks Investment Research ranks Sony Corp Ord (SNE) as 5, which is a Strong Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.

Sony Corp Ord (NYSE:SNE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.55 and $29.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.09, notching a gain of 3.08% for the day. The total traded volume was 1,757,522 . The stock had closed at $29.19 on the previous day.

The company shares have rallied 8.88% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $29.99 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $28.03 and the 200 Day Moving Average price is recorded at $24.97.

Sony Corporation (Sony) is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software. The Companys segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other. Its manufacturing facilities are located in Asia, including Japan. Sony also utilizes third-party contract manufacturers for certain products. Sonys products are marketed throughout the world by sales subsidiaries and unaffiliated distributors, as well as direct sales through the Internet. Sony is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. The Company also develops, produces and distributes recorded music.

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