Trend Micro (OTCMKTS:TMICY) Rating Increased to Neutral at Citigroup

Trend Micro (OTCMKTS:TMICY) was upgraded by investment analysts at Citigroup from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.

Other equities analysts have also issued research reports about the stock. Credit Suisse Group upgraded shares of Trend Micro from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 31st. Zacks Investment Research lowered shares of Trend Micro from a “hold” rating to a “sell” rating in a research note on Tuesday, October 26th.

Shares of TMICY opened at $58.82 on Wednesday. Trend Micro has a 52-week low of $46.39 and a 52-week high of $60.81. The firm has a 50-day moving average price of $56.89 and a 200 day moving average price of $53.99. The firm has a market capitalization of $8.28 billion, a PE ratio of 26.26 and a beta of 0.33.

About Trend Micro

Trend Micro, Inc engages in the development and sale of security-related products and services for computers and the internet. It operates through the following geographical segments: Japan, North America, Europe, Asia Pacific, and Central and Latin America. Its products include security software for home and home offices, small businesses, data center and cloud, network and web, and mobile devices.

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