On a related note, analysts at Nomura (NYSE: NMR) downgraded shares of Sony from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, October 6th. Also, analysts at Macquarie downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 30th.
Shares of Sony (SNE) opened at 19.71 on Wednesday. Sony (SNE) has a 52 week low of $18.10 and a 52 week high of $36.97. The stock’s 50-day moving average is $19.81 and its 200-day moving average is $23.96. The company has a market cap of $19.780 billion.
Sony Corporation (Sony) is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software. Sony’s primary manufacturing facilities are located in Japan, Europe, and Asia. Sony also utilizes third-party contract manufacturers for certain products. Sony’s products are marketed throughout the world by sales subsidiaries and unaffiliated distributors, as well as direct sales through the Internet. Sony is engaged in the development, production, manufacture, marketing, distribution and broadcasting of image-based software, including motion picture, home entertainment and television products. Sony is also engaged in the development, production, manufacture, and distribution of recorded music. In addition, Sony is engaged in a network service business and an advertising agency business in Japan.
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