Tenaris S.A. Rating Increased to Sector Outperform at Howard Weil (TEN)
Tenaris S.A. (BIT:TEN) was upgraded by stock analysts at Howard Weil to a “sector outperform” rating in a report issued on Thursday, ARN reports.
Shares of Tenaris S.A. (BIT:TEN) traded up 3.14% during mid-day trading on Thursday, hitting €15.7600. 2,719,127 shares of the company’s stock traded hands. Tenaris S.A. has a 1-year low of €14.6600 and a 1-year high of €18.4500. The stock’s 50-day moving average is €15.98 and its 200-day moving average is €16.78. The company has a market cap of €18.605 billion and a price-to-earnings ratio of 11.92.
Separately, analysts at Barclays cut their price target on shares of Tenaris S.A. from €50.00 ($67.57) to €47.00 ($63.51) in a research note to investors on Monday, November 11th. They now have an “equal weight” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of €20.93 ($28.29).
Tenaris SA is a Luxembourg-based holding company engaged in the steel pipe manufacturing and distributing businesses.
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