Infineon Technologies (OTCMKTS:IFNNY) Upgraded to Strong-Buy by Citigroup

Citigroup upgraded shares of Infineon Technologies (OTCMKTS:IFNNY) to a strong-buy rating in a research report sent to investors on Thursday morning, Zacks.com reports.

Other research analysts also recently issued research reports about the company. New Street Research upgraded Infineon Technologies to a strong-buy rating in a report on Monday, September 9th. Barclays upgraded Infineon Technologies to a strong-buy rating in a research note on Monday, June 24th.

Infineon Technologies Price Performance

Shares of OTCMKTS IFNNY opened at $33.33 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.89. The stock’s fifty day simple moving average is $33.89 and its 200 day simple moving average is $35.96. Infineon Technologies has a 52-week low of $28.83 and a 52-week high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Monday, August 5th. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $3.98 billion for the quarter. Infineon Technologies had a return on equity of 15.49% and a net margin of 14.08%. As a group, sell-side analysts predict that Infineon Technologies will post 2.03 earnings per share for the current year.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.