Equities research analysts at Barclays PLC (NYSE: BCS) raised their price target and earnings estimates on shares of Motorola (NYSE: MOT). The analysts set a $10.00 price target and reiterated an “overweight” rating on the stock in a research note to investors on Wednesday.
Motorola, Inc. provides technologies, products and services for mobile phones. Its portfolio includes wireless handsets, wireless accessories, digital entertainment devices, set-top boxes and video distribution systems, analog and digital two-way radios, wireless and wireline broadband network products, and end-to-end enterprise mobility products. The Company operates under three segments: Mobile Devices segment, Home and Networks Mobility segment and Enterprise Mobility Solutions segment. In January 2010, the Company acquired SecureMedia from Innovation Advisors. In February 2010, the Company acquired BitBand, a provider of content management and delivery systems, specializing in video on demand for Internet protocol television (IPTV). In September 2010, the Company acquired Aloqa GmbH, a developer of location-based software and technologies.
Shares of MOT traded down 0.47% during mid-day trading on Wednesday.
