JP Morgan Downgrades AU Optronics Corp (ADR) to Underweight

Brokerage firm JP Morgan Downgrades its rating on AU Optronics Corp (ADR)(AUO). The shares have been rated Underweight. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at JP Morgan was issued on Feb 13, 2017 in a research report to their Investors and Clients.

AU Optronics Corp (ADR) (AUO) made into the market gainers list on Wednesdays trading session with the shares advancing 2.60% or 0.1 points. Due to strong positive momentum, the stock ended at $3.94, which is also near the day’s high of $3.95. The stock began the session at $3.9 and the volume stood at 17,92,134 shares. The 52-week high of the shares is $4.42 and the 52 week low is $2.47. The company has a current market capitalization of $3,792 M and it has 96,24,24,510 shares in outstanding.

AU Optronics Corp (ADR)(AUO) last announced its earnings results on Oct 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $2.75B. Analysts had an estimated revenue of $2.74B. Earnings per share were $0.16. Analysts had estimated an EPS of $0.16.

Au Optronics Corp. is engaged in the research development production and sale of thin film transistor liquid crystal displays (TFT-LCDs) 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.

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