Asciano Receives Buy Rating from Deutsche Bank (AIO)
Other equities research analysts have also recently issued reports about the stock. Analysts at Morningstar reiterated a “hold” rating on shares of Asciano in a research note on Wednesday, July 9th.
Asciano (ASX:AIO) traded down 0.67% during mid-day trading on Wednesday, hitting A$5.890. 2,748,790 shares of the company’s stock traded hands. Asciano has a one year low of A$5.070 and a one year high of A$6.230. The stock has a 50-day moving average of A$5.82 and a 200-day moving average of A$5.58. The company has a market cap of A$5.742 billion and a price-to-earnings ratio of 17.60.
Asciano Limited is a national rail freight and ports operator in Australia. The Company’s segments include Pacific National Coal division, which is a coal haulage operator, offering rail haulage services for the export and domestic coal markets in New South Wales, Queensland and South Australia; Pacific National Rail division, which is an intermodal rail provider and a major provider of bulk rail services, transporting containerized, steel, general freight, bulk freight including grain, magnetite and aggregates; Terminals & Logistics, which provides container stevedoring services and Bulk & Automotive Port Services (ASX:AIO), which specializes in the management of bulk ports and supporting infrastructure and the provision of port related logistics at over 30 sites across Australia and New Zealand.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.