Stock Update (NASDAQ:QCOM): Qualcomm (QCOM) Stock Lower on ZTE Import Restrictions

[at TheStreet] – Qualcomm (QCOM) stock is sliding in late-morning trading on Tuesday after its customer ZTE was hit with import restrictions. Read more on this. QUALCOMM Incorporated (QCOM) , valued at $78.62B, started the session at $52.92. Looking at the equity, the company’s one day range is $51.98 to $53.21 and has traded between $42.24 and $74.09 over the past year. Qualcomm (QCOM) shares are currently priced at 13.00x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.76x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.92 per share annually in dividends, yielding 3.65%. According to a consensus of 27 analysts, the earnings estimate of $0.96 per share would be $0.44 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $4.10 which would be a $0.56 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.33 Billion. If reported, that would be a 22.64% decrease over the year-ago quarter. More recently, Bernstein upgraded QCOM from Mkt Perform to Outperform (Feb 16, 2016). Previously, Susquehanna upgraded QCOM from Neutral to Positive. When considering if the stock is under or overvalued, the average price target is $57.55, which is 8.75% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Company Update (NASDAQ:QCOM): Here’s Why Qualcomm (QCOM) Stock is Up Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm’s Biggest Bear Raises Stock Estimate Market Update (NASDAQ:QCOM): Qualcomm (QCOM) Stock Down on Dismal Outlook