Sony ADR (SNE) Receives Buy Upgrade at Maxim Group

Sony ADR (SNE) has been upgraded today by the research analysts at investment firm Maxim Group which upgraded ‘SNE’ from a “hold” rating to “buy.”  Maxim also set a price target on SNE at $35 dollars.  SNE is down during intraday trading.

Sony’s last earnings report was released on February 3rd, 2011 and announced EPS of 89 cents with revenue totaling $27.130 billion.  SNE is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.

Sony ADR (SNE) is primarily focused on the Electronics (such as AV/IT products & components), Game (such as PlayStation), Entertainment (such as motion pictures and music), and Financial Services (such as insurance and banking) sectors.  The company has market capitalization of $2,205,000,000 and 82,493,000 shares outstanding.  SNE has a 52-week high of $36.97 with the low being $25.85 dollars.

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