Analyst Rating Update on Symantec Corporation (SYMC)

Symantec Corporation (SYMC) : 3 brokerage houses believe that Symantec Corporation (SYMC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Symantec Corporation (SYMC). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.65.

Symantec Corporation (SYMC) : The most positive equity analysts on Symantec Corporation (SYMC) expects the shares to touch $24, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $20.95 with an expected fluctuation of $3.37 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Evercore ISI Group upgrades its rating on Symantec Corporation (NASDAQ:SYMC). Analysts at the Evercore ISI Group have a current rating of Hold on the shares. The shares were previously rated Sell. The rating by the firm was issued on June 29, 2016.


Symantec Corporation (NASDAQ:SYMC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.65 and $20.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.90, notching a gain of 1.06% for the day. The total traded volume was 9,366,932 . The stock had closed at $20.68 on the previous day.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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