Saipem SpA(ADR) Now Covered by Analysts at Canaccord Genuity (SAPMY)
Analysts at Canaccord Genuity began coverage on shares of Saipem SpA(ADR) (NASDAQ:SAPMY) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
A number of other firms have also recently commented on SAPMY. Analysts at Natixis upgraded shares of Saipem SpA(ADR) from a “reduce” rating to a “neutral” rating in a research note to investors on Monday, September 30th. Analysts at Nomura downgraded shares of Saipem SpA(ADR) from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold”.
Saipem Sp (NASDAQ:SAPMY) traded up 0.09% on Friday, hitting $10.63. The stock had a trading volume of 5,000 shares. Saipem Sp has a 1-year low of $7.93 and a 1-year high of $25.80. The stock has a 50-day moving average of $10.88 and a 200-day moving average of $12.38. The company’s market cap is $9.342 billion.
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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