Zacks: Tokyo Electron (TOELY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Tokyo Electron (NASDAQ:TOELY) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Zacks has also assigned Tokyo Electron an industry rank of 9 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Tokyo Electron from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th.

Shares of Tokyo Electron (NASDAQ TOELY) traded up 2.23% during trading on Tuesday, hitting $40.43. 24,871 shares of the stock traded hands. The stock has a 50 day moving average of $36.99 and a 200 day moving average of $34.30. Tokyo Electron has a 52-week low of $20.83 and a 52-week high of $40.53. The firm has a market cap of $26.53 billion and a price-to-earnings ratio of 20.04.

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