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Argus Downgrades Mircosoft (MSFT)
Argus reported on Friday that they have lowered their rating for software company, Microsoft Corporation(MSFT
).
The firm has downgraded MSFT from a “Buy” to a “Hold,” due to a lack of sales of Windows 8. Analysts see a possibility of consumers moving away from the operating system.
Microsoft shares were mostly flat during premarket trading Friday. The stock has increased 5% in the past year.
The Bottom Line
Shares of Microsoft (MSFT) have a 3.38% dividend yield, based on last night’s closing stock price of $27.25. The stock has technical support in the $24-$26 price area. If the shares can firm up, we see overhead resistance around the $28-$29 price levels.
Microsoft Corporation(MSFT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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