United Microelectronics (UMC) Upgraded to Strong Buy: What Does It Mean for the Stock? [Yahoo! Finance]
United Microelectronics Corporation (NEW) (UMC)
US:NYSE Investor Relations:
umc.com/english/investors/index.asp
Company Research
Source: Yahoo! Finance
upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. Therefore, the Zacks rating upgrade for United Microelectronics basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The change in a company's future earnings potential, a
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UMC
News
- United Microelectronics signs 30-year power purchase deal [Seeking Alpha]Seeking Alpha
- What is the significance of the agreement between UMC and CIP's Fengmiao I Offshore Wind Farm? [Yahoo! Finance]Yahoo! Finance
- UMC Signs 30-Year, 30 Billion kWh Offshore Wind Power Agreement with CIP’s Fengmiao I Offshore Wind FarmBusiness Wire
- UMC Recognized as a Sustainability Leader in the Dow Jones Sustainability Indices (DJSI) and MSCI ESG RatingsBusiness Wire
- UMC’s Collaboration with Suppliers to Build a Sustainable Supply Chain Contributes to 2.64 Million Tons of Carbon ReductionBusiness Wire
UMC
Earnings
- 10/30/24 - Beat
UMC
Sec Filings
- 12/18/24 - Form 6-K
- 12/11/24 - Form 6-K
- 11/25/24 - Form 6-K
- UMC's page on the SEC website