Apple, Inc (NASDAQ: AAPL)‘s stock had its “conviction buy” rating reaffirmed by equities research analysts at Goldman Sachs (NYSE: GS) in a research note issued to investors on Monday.
Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Apple, Inc in a research note to investors on Monday. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Apple, Inc in a research note to investors on Friday. Also, analysts at BTIG reiterated a “buy” rating on shares of Apple, Inc in a research note to investors on Thursday.
Apple Inc. (Apple) along with its subsidiaries is engaged in designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It also sells and delivers digital content and applications through the iTunes Store, App Store, iBookstore, and Mac App Store.The Company sells to consumers, small and mid-sized businesses (SMB), and education, enterprise and government customers. During the year ended November 24, 2011, the Company, as part of a consortium, acquired Nortel Networks Corporation’s patent portfolio.
Shares of Apple, Inc traded up 0.93% during mid-day trading on Monday, hitting $426.34. Apple, Inc has a 52 week low of $310.50 and a 52 week high of $426.70. The stock’s 50-day moving average is $390.8 and its 200-day moving average is $383.7. The company has a market cap of $396.2 billion and a price-to-earnings ratio of 15.26.