Celestica (TSE:CLS) Stock Rating Upgraded by UBS Group

Celestica (TSE:CLS) (NYSE:CLS) was upgraded by investment analysts at UBS Group to a “hold” rating in a research note issued on Friday,Zacks.com reports.

CLS has been the topic of several other reports. Barclays raised Celestica to a “strong-buy” rating in a research note on Tuesday, November 5th. TD Securities lifted their price objective on shares of Celestica from C$55.00 to C$61.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average price target of C$44.00.

Celestica Stock Down 2.6 %

Shares of TSE CLS opened at C$124.54 on Friday. The company has a market capitalization of C$14.77 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47. Celestica has a 52-week low of C$35.13 and a 52-week high of C$130.00. The company’s 50 day moving average price is C$88.33 and its 200-day moving average price is C$78.20.

Insider Activity

In other news, Director Robert Andrew Mionis sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of C$96.83, for a total value of C$14,524,318.50. Also, Director Leila Wong sold 600 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of C$97.68, for a total value of C$58,605.18. Insiders sold a total of 228,600 shares of company stock worth $23,295,294 over the last quarter. Insiders own 1.00% of the company’s stock.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.