EMC Corporation (NYSE:EMC) sees positive upgrade


Dallas, Texas 03/06/2014 (FINANCIALSTRENDS) – EMC Corporation (NYSE:EMC) is reportedly high on the upside, and analysts are giving this global player in electronics, Information Technology, Virtual Infrastructure and services a positive rating.

EMC Corporation (NYSE:EMC) has received the positive rating, this time from analysts at TheStreet. The stock analyst note reiterates its faith in this top performing firm continuing the Buy rating it had issues earlier. The change is only with a negative A for the stock. The analysts note that the positive outlook for the company was a result of its strengths in multiple areas. These include revenue growth, growth in the earnings per share as well as the increase in the net income.

EMC Corporation (NYSE:EMC) reportedly has good cash flow from the host of operations it performs as well. Besides, it has also reported higher profit margins accrued from operations. The analyst have also reiterated that the current rating for the company continues as there are weaknesses which may not be considered as high risk conditions and are a standard across companies.

EMC Corporation (NYSE:EMC) shares saw higher opening prices following the positive rating. This company with a market cap of $54.398 billion has been in the midst of irregular options trading in the previous session. Reportedly, the number of call options purchased by traders was to the tune of 30,280. The increase was notably at 266%, in comparison to the average volume considered at 8,283 call options.

EMC has been receiving weightage from a number of analysts. Zacks posted a ‘neutral’ on the shares, in its recent research note. The price target for the stock was at $26. Other analysts too have offered mixed weightage. Six analysts have noted a ‘Hold’ on the rating. Twenty-tow have rated a ‘Buy’ on the stock. The consensus thus far for EMC Corp is ‘Buy’ with the average price at $29.52.