Cisco Systems Shares Given New $24.00 Price Target by Analyst at UBS AG (CSCO)

UBS AG (NYSE: UBS) increased their price target on shares of Cisco Systems (NASDAQ: CSCO) from $23.00 to $24.00 in a research note issued on Thursday. They currently have a “buy” rating on the company’s shares.

Separately, analysts at Miller Tabak raised their price target on shares of Cisco Systems from $19.00 to $21.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Analysts at Wells Fargo & Co. (NYSE: WFC) reiterated an “outperform” rating on shares of Cisco Systems in a research note to investors on Thursday. Also, analysts at Bank of America (NYSE: BAC) raised their price target on shares of Cisco Systems from $22.00 to $24.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Company provides a line of products for transporting data, voice, and video within buildings. Its products are designed to transform how people connect, communicate, and collaborate. Its products are installed at enterprise businesses, public institutions, telecommunications companies, commercial businesses, and personal residences. It has five segments: United States and Canada, European Markets, Emerging Markets, Asia Pacific, and Japan. The Emerging Markets theater consists of Eastern Europe, Latin America, the Middle East and Africa, and Russia and the Commonwealth of Independent States. In September 2010, it acquired Arch Rock Corporation. In April 2011, it acquired newScale Inc. In November 2011, it acquired BNI Video.

Shares of Cisco Systems opened at 19.895 on Thursday. Cisco Systems has a 52 week low of $13.30 and a 52 week high of $20.49. The stock’s 50-day moving average is $19.36 and its 200-day moving average is $17.46. The company has a market cap of $107.0 billion and a P/E ratio of 17.27.

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Posted by Web Inquirer Staff on 11 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.