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Apple Inc. (NASDAQ:AAPL) Receives Consensus Recommendation of “Hold” from Analysts – TechNewsObserver

Shares of Apple Inc. (NASDAQ:AAPL) have been given an average recommendation of “Hold” by the forty-eight brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, twenty have assigned a hold recommendation, twenty-three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. Finally, Citigroup lifted their target price on shares of Apple from $205.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Rockland Trust Co. now owns 20,618 shares of the iPhone maker’s stock valued at $4,081,000 after purchasing an additional 948 shares in the last quarter. Asset Dedication LLC lifted its holdings in Apple by 0.4% in the 2nd quarter. Asset Dedication LLC now owns 19,862 shares of the iPhone maker’s stock valued at $3,933,000 after purchasing an additional 79 shares in the last quarter.

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