TD Securities Upgrades Celestica (TSE:CLS) to Hold

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by TD Securities to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Several other analysts have also recently issued reports on CLS. Citigroup upgraded Celestica to a “hold” rating in a research note on Monday, July 21st. BNP Paribas upgraded Celestica to a “strong-buy” rating in a research note on Wednesday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$127.00.

Celestica Trading Down 6.9%

CLS opened at C$326.12 on Friday. The firm has a market cap of C$37.51 billion, a P/E ratio of 71.05, a P/E/G ratio of 0.14 and a beta of 1.65. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. Celestica has a 52 week low of C$70.94 and a 52 week high of C$361.83. The business has a fifty day simple moving average of C$302.73 and a 200-day simple moving average of C$209.26.

About Celestica

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses.