Qualcomm Upgraded At Charter Equity (QCOM)

Research firm, Charter Equity upgraded shares of Qualcomm (NASDAQ: QCOM) from Market Perform to Buy today. The stock is up 0.18% today to $38.91. It appears that there is a little bit of buying pressure coming back into QCOM, however, as the shares have appreciated over 2% in the last five days. If you will recall, the company issued disappointing guidance last month and the stock got hammered.

QUALCOMM Incorporated (QCOM) designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies.