|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||51.71 - 52.20|
|52 Week Range||48.92 - 71.62|
|PE Ratio (TTM)||19.93|
|Dividend & Yield||2.28 (4.36%)|
|1y Target Est||N/A|
No significant developments took place in the telecom industry last week despite its major stocks gaining value. However, a few events attracted attention.
Mizuho's Vijay Rakesh and Jason Getz continue their Asian tour, meeting with companies in Taiwan that make handset components and wafers and final test original equipment manufacturers. It could also face less competition in the high end of the market, as Rakesh and Getz write that MediaTek (2454.Taiwan) is seeing ongoing issues and could shift focus more toward the middle and low ends of the market.
If you bet bearish on Qualcomm, Inc. (NASDAQ:QCOM) recently, you’re probably feeling a bit worried right now. QCOM stock has rebounded off its post-earnings lows near $49 and is once again trading back above former support at $50. Click to Enlarge For instance, QCOM stock’s current rebound was stopped cold yesterday by resistance at its 50-day moving average.