Zacks Investment Research cut shares of AU Optronics Corp (NYSE:AUO) from a hold rating to a sell rating in a research report released on Tuesday morning, Analyst Ratings Network.com reports.

According to Zacks, “Au Optronics is a world-leading manufacturer of large-size thin film transistor liquid crystal display panels, which are currently the most widely used flat panel display technology. They are used in notebook computers, desktop monitors, televisions, digital cameras, DVD players, PDAs, mobile phones, portable games, and car navigation systems, among other applications. “

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of AU Optronics Corp from an underweight rating to a neutral rating in a report on Monday, January 11th. Drexel Hamilton began coverage on shares of AU Optronics Corp in a report on Friday, October 9th. They issued a hold rating and a $3.40 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $3.60.

AU Optronics Corp (NYSE:AUO) traded down 2.35% during mid-day trading on Tuesday, hitting $2.49. 202,415 shares of the stock were exchanged. AU Optronics Corp has a 52-week low of $2.38 and a 52-week high of $5.80. The firm has a market cap of $2.40 billion and a price-to-earnings ratio of 4.45. The company has a 50 day moving average price of $2.72 and a 200 day moving average price of $3.01.

AU Optronics Corp (NYSE:AUO) last announced its quarterly earnings data on Thursday, January 28th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.25. The company had revenue of $83.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. The business’s quarterly revenue was down 20.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. On average, analysts anticipate that AU Optronics Corp will post $0.45 EPS for the current year.

Au Optronics Corp. is engaged in the research, development, production and sale of thin film transistor liquid crystal displays (NYSE:AUO) and other flat panel displays used in a range of applications. The Company is also engaged in the production and sale of solar photovoltaic (PV) modules and systems. The Company operates in two business segments: Display Business and Solar Business. In the Display Business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays. In the Solar Business segment, the Company designs, develops and manufactures PV modules, as well as produce solar PV systems and provide various value-added services for solar PV systems projects.

12 Month Chart for NYSE:AUO

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