AU Optronics (OTCMKTS:AUOTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, reports. The brokerage currently has a $5.50 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 3.38% from the stock’s current price.

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. “

OTCMKTS:AUOTY opened at $5.32 on Tuesday. AU Optronics has a 52 week low of $1.80 and a 52 week high of $5.47. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of -7.39 and a beta of 1.30. The firm’s 50-day simple moving average is $4.94 and its 200 day simple moving average is $3.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.31 and a current ratio of 1.61.

AU Optronics Company Profile

AU Optronics Corp. designs, develops, manufactures, assembles, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays. The company operates in two segments, Display and Energy. The Display segment designs, develops, manufactures, assembles, and markets flat panel displays for use in televisions, monitors, mobile PCs and devices, automobiles, industrial PCs, automated teller machines, point of sale terminals, pachinko machines, medical equipment, etc.

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