Needham & Company Downgrades Spreadtrum Communications (SPRD) to Hold

July 12, 2013 9:15 AM EDT
Get Alerts SPRD Hot Sheet
Price: $30.93 --0%

Rating Summary:
    9 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 25 | New: 13
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Needham & Company downgraded Spreadtrum Communications (NASDAQ: SPRD) from Buy to Hold as the company accepts a higher bid from Tsinghua Unigroup.

For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.

Shares of Spreadtrum Communications closed at $26.45 yesterday.

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