Saipem SpA(ADR) Given Average Rating of “Hold” by Brokerages (NASDAQ:SAPMY)
Saipem SpA(ADR) (NASDAQ:SAPMY) has received a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, American Banking News reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company.
Saipem Sp (NASDAQ:SAPMY) traded down 1.36% during mid-day trading on Tuesday, hitting $11.61. The stock had a trading volume of 183 shares. Saipem Sp has a one year low of $10.15 and a one year high of $14.13. The stock’s 50-day moving average is $11.88 and its 200-day moving average is $12.48. The company has a market cap of $10.205 billion and a price-to-earnings ratio of 25.56.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Saipem SpA(ADR) from a “hold” rating to a “sell” rating in a research note on Tuesday. Separately, 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. Finally, 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.
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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