Rosenblatt Securities Sticks to Its Sell Rating for Intel (INTC)

In a report released today, Hans Mosesmann from Rosenblatt Securities maintained a Sell rating on Intel (INTCResearch Report). The company’s shares closed last Monday at $58.19.

According to TipRanks.com, Mosesmann is a top 100 analyst with an average return of 26.0% and a 68.7% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Advanced Micro Devices, and Texas Instruments.

Currently, the analyst consensus on Intel is a Hold with an average price target of $66.50, implying a 14.6% upside from current levels. In a report issued on June 11, Bernstein also maintained a Sell rating on the stock with a $43.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $68.49 and a one-year low of $43.61. Currently, Intel has an average volume of 28.2M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Intel manufactures and sells microprocessors, chipsets, flash memory as well as other products and platforms for compute, storage, network and other functions. The company’s data-centric businesses include Data Center Group (DCG), Internet of Things (IOTG), Mobileye, Non-volatile Memory Solutions Group (NSG), Programmable Solutions Group (PSG), with the PC-centric business comprised of Client Computing Group (CCG). It derives a majority of its revenue from platform products, which incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or multichip package.