Microsoft, MasterCard Hit 52-Week Highs
Both stocks were rated buy at TheStreet Ratings.
The software company has reached out to European Union antitrust regulators to help with a patent dispute among Microsoft, Google(GOOG) and Motorola Mobility(MMI) , according to Reuters. Microsoft argues that Motorola is overcharging for the use of certain key patents.
Shares of Microsoft hit a 52-week high Wednesday of $31.68. The stock's 52-week low of $23.65 was set on June 16.
Microsoft has an estimated price-to-earnings ratio for next year of 10.44; the average for software companies is 30.54. For comparison, Oracle(ORCL) and Intuit(INTU) both have higher forward P/Es of 11.11 and 18.48, respectively.
Of the 40 analysts who cover Microsoft, 26 rated it buy. Thirteen analysts gave it a hold rating and one rated it sell.
TheStreet Ratings gives Microsoft an A grade with a $36.13 price target. The stock has risen 20.92% year to date.
The credit card company previously hit a 52-week high on Feb. 3 following its fourth-quarter earnings report.
"While countries like Brazil, India, and China typically get most of the Street's attention, our analysis shows that countries such as Russia, Argentina, Indonesia, and Venezuela, could experience revenue
Shares of MasterCard hit a 52-week high Wednesday of $407.62. The stock's 52-week low of $240.36 was set on March 1.
Twenty-seven of the 37 analysts who cover MasterCard rated it buy. Ten analysts gave it a hold rating.
MasterCard gets a B grade from TheStreet Ratings with a $520.28 price target. The stock has risen 3.26% year to date.
-- Written by Alexandra Zendrian
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