International Business Machines Corp.(NYSE:IBM) To Build Big Data and Analytics Center in Greece

International Business Machines Corp.(NYSE:IBM) was down 1% in recent pre-market trading on Tuesday after saying it will build a new big data and business analytics center of competence in Athens, Greece to boost its technical and consulting capabilities in the region.

The information technology giant said the new center will lead big data and business analytics client engagements in the region, working closely with IBM’s global network of Business Analytics Centers in Berlin, Beijing, Dallas, London, New York, Tokyo, Washington and Zurich.

IBM closed at $197.77 Monday regular hours in a 52-week range of $172.19 – $212.

Analysts have a consensus price target of $201 on International Business Machines Corp.(NYSE:IBM) which indicates a 3% upside. The consensus rating of the stock is a HOLD with a score of 2.35. There are currently 16 Hold ratings, 1 Sell rating, 1 Strong Buy and 8 Buy ratings on the stock.

A recent analyst action consisted of Zacks reiterating their Neutral rating and $206 price target on the stock on April 10th.