Symantec Corporation (SYMC) Receives ‘Analyst’ Rating

Symantec Corporation (SYMC) : 19 analysts are covering Symantec Corporation (SYMC) and their average rating on the stock is 2.47, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Symantec Corporation (SYMC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Symantec Corporation (SYMC) : 13 investment research analysts covering Symantec Corporation (SYMC) have an average price target of $23.31 for the near short term. The highest target price given by the Brokerage Firm to the stock is $30 and the lowest target is $14 for the short term. Analysts expect the variance to be within $4.29 of the average price.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Symantec Corporation (NASDAQ:SYMC). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $17.5 per share to $26.5 per share. The rating by the firm was issued on August 22, 2016.

Symantec Corporation (NASDAQ:SYMC): After opening at $24.74, the stock dipped to an intraday low of $24.61 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $25.03 and the buying power remained strong till the end. The stock closed at $24.87 for the day, a gain of 1.18% for the day session. The total traded volume was 12,576,888. The stocks close on the previous trading day was $24.58.

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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