Nordic Semiconductor ASA (OTCMKTS:NDCVF) Now Covered by Analysts at Barclays

Barclays assumed coverage on shares of Nordic Semiconductor ASA (OTCMKTS:NDCVF) in a research report released on Wednesday, FlyOnTheWall reports. The brokerage issued an underweight rating on the stock.

Several other brokerages have also issued reports on NDCVF. Nordea Equity Research raised Nordic Semiconductor ASA from a sell rating to a buy rating in a research note on Tuesday, June 20th. Deutsche Bank Aktiengesellschaft lowered Nordic Semiconductor ASA from a buy rating to a hold rating in a research note on Wednesday, July 26th. Morgan Stanley started coverage on Nordic Semiconductor ASA in a report on Tuesday, June 13th. They issued an equal weight rating on the stock. Finally, Jefferies Financial Group started coverage on Nordic Semiconductor ASA in a report on Friday, July 14th. They issued a buy rating on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold.

Nordic Semiconductor ASA Price Performance

Shares of NDCVF stock opened at $11.76 on Wednesday. The business has a 50-day moving average price of $13.09 and a two-hundred day moving average price of $12.96. Nordic Semiconductor ASA has a 12-month low of $9.81 and a 12-month high of $19.25.

Nordic Semiconductor ASA Company Profile

Nordic Semiconductor ASA, a fabless semiconductor company, designs, sells, and delivers integrated circuits (ICs) and related products and services for use in short- and long- range wireless applications in Europe, the Americas, and the Asia/Pacific. The company offers bluetooth and multiprotocol Systems-on-Chip (SoCs) that provides short-range connectivity; and Systems-in-Package (SiPs), which offers connectivity on long-range LTE-M and NB-IoT cellular networks.