Dallas 12/3/2010 1:38:58 AM
News / Business

Tech Stocks Rallying (MSFT, Apple Inc., AT&T Inc., RIMM)

Tech Stocks Rallying

Microsoft Corporation (NASDAQ:MSFT) surged 3.66% to $26.18. Cross Research upgraded Microsoft to a Buy rating from its previous rating of Hold. The firm also raised its price target on the company by $1 to $32.

The median Wall Street price target on the stock is $32.50 and the high target is set at $40 with majority of analyst have a Strong Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $25.81 and $25.45 respectively.

Apple Inc. (NASDAQ:AAPL) jumped 2.02% to $317.43. Over the past 52-week, the stock traded within the range of $188.68-$321.30.

At current market price, the market capitalization of the company stands at $291.28 billion. The stock is up more than 50% year-to-date.

AT&T Inc. (NYSE:T) gained 1.48% to $28.20. So far in the last one year of trading sessions, the stock jumped over 3%. The stock has a 52-week range of $23.78-$29.49. 

The company has Price/Sales ratio of 1.32. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $28.49 and $26.82 respectively. At current market price, the market capitalization of the company stands at $166.66 billion.

Research In Motion Limited (USA) (NASDAQ:RIMM) added 1.33% to $62.65. The median Wall Street price target on the stock is $60 and the high target is set at $105 with majority of analyst have a Hold rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $54.87 and $53.56 respectively.

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