In a recent development which might threaten Corning Incorporated (NYSE:GLW) domination in mobile telephone glasses, GT Advanced Technologies (NASDAQ:GTAT) has signed a deal to supply sapphire material to Apple Inc. (NASDAQ:AAPL). This has led to speculation that Sapphire, which is as hard as diamond could provide a potential threat to Corning’s Gorilla glass. Corning Incorporated (NYSE:GLW) shares after opening at $21.42 moved to $21.76 on last trade day and at the end of the day closed at $21.59. Company price to sales ratio in past twelve months was calculated as 3.84 and price to cash ratio as 5.74. Corning Incorporated (NYSE:GLW) showed a positive weekly performance of 5.52%.
A number of research firms have recently commented on AT&T Inc. (NYSE:T). Analysts at HSBC downgraded shares of AT&T from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 25th. They now have a $35.00 price target on the stock, down previously from $39.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of AT&T in a research note on Wednesday, March 19th. They now have a $32.98 price target on the stock, down previously from $37.00. AT&T Inc. (NYSE:T) shares advanced 0.74% in last trading session and ended the day on $35.63. T return on equity ratio is recorded as 20.80% and its return on assets is 6.70%. AT&T Inc. (NYSE:T) yearly performance is -1.80%.
Canadian Natural Resource Ltd (USA) (NYSE:CNQ) announces that the agreement relating to the acquisition of Devon Canada’s Canadian conventional assets, excluding Horn River and the heavy oil properties, has been completed.Canadian Natural will immediately integrate the acquired properties into its ongoing operations. The acquired production, infrastructure and land add to Canadian Natural’s existing core areas providing synergies to more effectively and efficiently operate once fully integrated. Canadian Natural also welcomes the high caliber Devon staff to its teams.Canadian Natural Resource Ltd (USA) (NYSE:CNQ) shares moved up 1.02% in last trading session and was closed at $39.45, while trading in range of $38.99-$39.60. Canadian Natural Resource Ltd (USA) (NYSE:CNQ) year to date performance is 17.24%.
Oil & gas company Ecopetrol S.A. (ADR) (NYSE:EC) revealed on Monday that its Tibirita-1A exploratory well, located in San Martin in Colombia, has tested well a hydrocarbon column of 50 feet.Upon testing, the well testing indicated an average daily production of 580 barrels of crude oil of 11.3deg API and 1% water cut through an artificial lifting system of progressive cavity pump. The well was drilled to a depth of 8,608 feet through rock of the Eocene geological period, added the company.Ecopetrol S.A. (ADR) (NYSE:EC) weekly performance is 2.09%. On last trading day company shares ended up $40.97. Ecopetrol S.A. (ADR) (NYSE:EC) distance from 50-day simple moving average is 13.99%. Analysts mean target price for the company is $41.71.
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