Samsung Electronics (OTCMKTS:SSNLF) Stock Rating Upgraded by Erste Group Bank

Samsung Electronics (OTCMKTS:SSNLF) was upgraded by equities researchers at Erste Group Bank from a “hold” rating to a “buy” rating in a research report issued on Friday.

Separately, Susquehanna raised Samsung Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One investment 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 presently has an average rating of “Buy”.

Samsung Electronics Price Performance

Shares of OTCMKTS SSNLF remained flat at $65.21 during trading on Friday. Samsung Electronics has a fifty-two week low of $38.83 and a fifty-two week high of $65.21. The business has a fifty day moving average of $65.21 and a 200 day moving average of $51.07. The company has a market cap of $8.42 billion, a P/E ratio of 24.33 and a beta of 0.88.

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.