Zacks Investment Research Upgrades AAC TECHNOLOGIE/ADR (OTCMKTS:AACAY) to “Hold”
According to Zacks, “AAC Technologies Holdings Inc. is a micro component solutions provider for communications and consumer electronics market. The Company is engaged in designing and manufacturing a diverse range of components including acoustics, antennas, optics, haptics and Li-ion polymer batteries for mobile devices. Its products are used in a variety of applications including mobile handsets, tablets, notebooks, LED TV, game consoles, eReaders, MP3 players, MP4 players, and many other consumer electronics. AAC Technologies Holdings Inc., formerly known as AAC Acoustic Technologies Holdings Inc., is headquartered in Shenzhen, China. “
A number of other equities analysts have also commented on AACAY. HSBC raised AAC TECHNOLOGIE/ADR from a reduce rating to a hold rating in a research note on Monday, May 20th. Goldman Sachs Group raised AAC TECHNOLOGIE/ADR from a sell rating to a neutral rating in a research note on Monday, May 20th. Finally, Jefferies Financial Group lowered AAC TECHNOLOGIE/ADR from a buy rating to a hold rating in a research note on Monday, August 26th. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of Hold and a consensus price target of $6.25.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.041 per share. The ex-dividend date is Tuesday, September 10th. AAC TECHNOLOGIE/ADR’s dividend payout ratio (DPR) is presently 17.78%.
About AAC TECHNOLOGIE/ADR
AAC Technologies Holdings Inc, an investment holding company, provides miniaturized technology components to the consumer electronics industry worldwide. The company operates through Dynamic Components, electromagnetic drives and precision components, Micro Electro-Mechanical System Components, and Other Products segments.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AAC TECHNOLOGIE/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAC TECHNOLOGIE/ADR and related companies with MarketBeat.com's FREE daily email newsletter.