AU Optronics (OTCMKTS:AUOTY) Downgraded to “Hold” at ValuEngine

ValuEngine downgraded shares of AU Optronics (OTCMKTS:AUOTY) from a buy rating to a hold rating in a report published on Wednesday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded AU Optronics from a sell rating to a hold rating in a research note on Monday, October 7th.

OTCMKTS:AUOTY opened at $2.56 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.56. AU Optronics has a one year low of $2.16 and a one year high of $4.29. The stock has a market capitalization of $2.46 billion, a P/E ratio of 7.53 and a beta of 0.68.

AU Optronics (OTCMKTS:AUOTY) last released its quarterly earnings results on Thursday, July 25th. The company reported ($0.09) EPS for the quarter. AU Optronics had a negative return on equity of 0.81% and a negative net margin of 0.59%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.28 billion. As a group, equities research analysts predict that AU Optronics will post -0.37 earnings per share for the current year.

About AU Optronics

AU Optronics Corp. designs, develops, manufactures, assembles, and sells thin film transistor liquid crystal displays and other flat panel displays. The company operates through two segments, Display and Energy. The Display segment designs, develops, manufactures, assembles, and markets flat panel displays for use in televisions, monitors, mobile PCs and devices, automobiles, industrial PCs, automated teller machines, point of sale terminals, pachinko machines, medical equipment, etc.

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