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

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

Several other research analysts also recently commented on CLS. Canaccord Genuity Group lowered 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. Argus upgraded shares of Celestica to a "strong-buy" rating in a report on Tuesday, April 29th. BMO Capital Markets dropped their price objective on shares of Celestica from C$140.00 to C$118.00 in a report on Monday, April 28th. Finally, BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$110.50.

Celestica Price Performance

Shares of TSE CLS traded up C$5.83 during midday trading on Monday, reaching C$229.64. The company's stock had a trading volume of 343,442 shares, compared to its average volume of 948,071. 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 fifty-two week low of C$55.10 and a fifty-two week high of C$237.48. The business's 50 day moving average price is C$190.28 and its two-hundred day moving average price is C$158.26. The company has a market cap of C$19.43 billion, a P/E ratio of 52.32, a P/E/G ratio of 0.14 and a beta of 2.23.

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.