Stock Update (NASDAQ:QCOM): EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Qualcomm Incorporated – QCOM

[GlobeNewswire] – NEW YORK, Jan. 08, 2016– Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of Qualcomm Incorporated securities from November 6, … Read more on this. QUALCOMM Incorporated (QCOM) , valued at $68.95B, started the session at $46.81. Today’s price range has been between $45.84 and $46.85 per share with a one year range of $45.84 to $75.05. QCOM shares are currently priced at 11.04x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.54x earnings multiple. And for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 3.91%. According to a consensus of 29 analysts, the earnings estimate of $0.90 per share would be $0.44 worse than the year-ago quarter and a $0.20 sequential decrease. The full-year EPS estimate is $4.18, which would be a $0.48 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.68 Billion. If reported, that would be a 20.00% decrease over the year-ago quarter. More recently, JP Morgan upgraded QCOM from Neutral to Overweight (Dec 17, 2015). Previously, Nomura downgraded QCOM from Buy to Neutral. With the above information in mind, readers should note that the average price target is $62.23, which is 32.94% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Company Update (NASDAQ:QCOM): INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Qualcomm Incorporated of Class Action Lawsuit and a Lead Plaintiff Deadline of January 29, 2016 – QCOM Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Is Qualcomm Stock Suitable for Your IRA or Roth IRA? Company Update (NYSE:AXP): EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action Lawsuit Against American Express Company to Recover Investor Losses