Saipem SpA(ADR) Stock Rating Upgraded by Macquarie (SAPMY)
Saipem SpA(ADR) (NASDAQ:SAPMY) was upgraded by investment analysts at Macquarie from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, Analyst Ratings News reports.
Saipem Sp (NASDAQ:SAPMY) opened at 11.102 on Tuesday. Saipem Sp has a 52 week low of $7.93 and a 52 week 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 $9.757 billion.
A number of other analysts have also recently weighed in on SAPMY. Analysts at Canaccord Genuity initiated coverage on shares of Saipem SpA(ADR) in a research note to investors on Friday. They set a “hold” rating on the stock. Separately, 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. Finally, 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 analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s 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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