Celestica (TSE:CLS) Upgraded by Citigroup to Hold Rating

Celestica (TSE:CLS - Get Free Report) NYSE: CLS was upgraded by equities research analysts at Citigroup to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms also recently issued reports on CLS. BMO Capital Markets decreased their price objective on shares of Celestica from C$140.00 to C$118.00 in a research note on Monday, April 28th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Argus upgraded shares of Celestica to a "strong-buy" rating in a research report on Tuesday, April 29th. Finally, Canaccord Genuity Group reduced their price objective on shares of Celestica from C$138.00 to C$126.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Two analysts have rated the stock with a hold rating, two have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$110.50.

Celestica Trading Up 1.5%

Shares of Celestica stock opened at C$223.09 on Monday. The company has a market capitalization of C$18.87 billion, a P/E ratio of 50.83, a PEG ratio of 0.14 and a beta of 2.23. The company's fifty day moving average is C$184.65 and its two-hundred day moving average is C$156.22. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.54 and a current ratio of 1.47. Celestica has a 1 year low of C$55.10 and a 1 year high of C$226.81.

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.

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