Lazard Capital Markets Downgrades Qualcomm to "Neutral" (QCOM)

Lazard Capital Markets Downgrades Qualcomm to “Neutral” (QCOM)


Lazard Capital Markets reported on Monday that it has lowered its rating on semiconductor company QUALCOMM, Inc. (QCOM).

The firm downgraded QCOM from “Buy” to “Neutral,” noting its flagship smartphones solution advantages are likely to weaken.

QUALCOMM shares were down 62 cents, or 1.00% during premarket trading Monday. The stock has been mostly flat YTD.

The Bottom Line
Shares of QUALCOMM, Inc. (QCOM) have a 2.26% yield, based on Friday’s closing price of $62.02.

QUALCOMM, Inc. (QCOM) is not recommended at this time, holding a 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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