Samsung Electronics (OTCMKTS:SSNLF) Upgraded to “Buy” at Erste Group Bank

Erste Group Bank upgraded shares of Samsung Electronics (OTCMKTS:SSNLF) from a hold rating to a buy rating in a research note published on Friday morning, MarketBeat.com reports.

Separately, Susquehanna raised Samsung Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Samsung Electronics Stock Performance

Shares of SSNLF stock opened at $65.21 on Friday. Samsung Electronics has a 12 month low of $38.83 and a 12 month high of $65.21. The stock has a market cap of $8.42 billion, a P/E ratio of 24.33 and a beta of 0.88. The company has a 50 day simple moving average of $65.21 and a two-hundred day simple moving average of $51.23.

About Samsung Electronics

Samsung Electronics Co, Ltd. is a South Korean multinational technology company headquartered in Suwon, South Korea. As a core subsidiary of the Samsung Group, the company designs, develops and manufactures a broad range of consumer electronics, mobile communications devices and semiconductor products. Its diversified portfolio spans televisions and home appliances, smartphones and network equipment, as well as memory and system LSI chips used across data centers and automotive platforms.

In the consumer electronics segment, Samsung is known for high-definition TVs, monitors, refrigerators, washing machines and air conditioners, incorporating smart connectivity and energy-efficient technologies.