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Saipem SpA(ADR) (NASDAQ:SAPMY) was downgraded by analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

SAPMY has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein initiated coverage on shares of Saipem SpA(ADR) in a research note on Wednesday, June 25th. They set an “underperform” rating on the stock. Analysts at BNP Paribas upgraded shares of Saipem SpA(ADR) from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 4th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold”.

Shares of Saipem Sp (NASDAQ:SAPMY) opened at 11.77 on Tuesday. Saipem Sp has a one year low of $10.15 and a one year high of $14.13. The stock has a 50-day moving average of $11.88 and a 200-day moving average of $12.48. The company has a market cap of $10.345 billion and a price-to-earnings ratio of 25.28.

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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