Intel Co. (INTC) Downgraded by Credit Suisse Group AG

Credit Suisse Group AG downgraded shares of Intel Co. (NDAQ:INTC) from an outperform rating to a neutral rating in a research note issued to investors on Wednesday morning.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity lowered shares of Intel from a buy rating to a hold rating and lowered their price target for the company from $43.00 to $38.00 in a report on Friday, February 10th. Sanford C. Bernstein lowered shares of Intel from a market perform rating to an underperform rating in a report on Wednesday, March 1st.

Shares of Intel (NDAQ:INTC) opened at 35.43 on Wednesday. Intel has a one year low of $29.50 and a one year high of $38.45. The stock has a 50 day moving average of $36.08 and a 200-day moving average of $36.14. The stock has a market capitalization of $167.51 billion and a PE ratio of 16.71.

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About Intel

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

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