Saipem SpA(ADR) Upgraded by Natixis to Neutral (SAPMY)
Saipem SpA(ADR) (NASDAQ:SAPMY) was upgraded by equities research analysts at Natixis from a “reduce” rating to a “neutral” rating in a research note issued to investors on Monday, American Banking News reports.
Shares of Saipem Sp (NASDAQ:SAPMY) opened at 10.90 on Monday. Saipem Sp has a 1-year low of $7.93 and a 1-year high of $24.88. The stock has a 50-day moving average of $11.02 and a 200-day moving average of $12.20. The company’s market cap is $9.580 billion.
A number of other analysts have also recently weighed in on SAPMY. Analysts at Nomura downgraded shares of Saipem SpA(ADR) (NASDAQ:SAPMY) from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, September 5th. Analysts at Societe Generale upgraded shares of Saipem SpA(ADR) (NASDAQ:SAPMY) from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 8th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold”.
Saipem SpA is an Italy-based company active as contractor in the oil and gas industry in remote areas and deepwater.
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