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Tenaris S.A. (NYSE:TS) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, American Banking & Market News reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $47.67.

A number of analysts have recently weighed in on TS shares. Analysts at Fidentiis downgraded shares of Tenaris S.A. from a “buy” rating to a “hold” rating in a research note on Monday, July 14th. Separately, analysts at Goldman Sachs upgraded shares of Tenaris S.A. from a “sell” rating to a “neutral” rating in a research note on Thursday, July 3rd. Finally, analysts at Guggenheim upgraded shares of Tenaris S.A. from a “neutral” rating to a “buy” rating in a research note on Friday, June 6th. They now have a $55.00 price target on the stock, up previously from $47.00.

Shares of Tenaris S.A. (NYSE:TS) opened at 45.23 on Wednesday. Tenaris S.A. has a 1-year low of $40.63 and a 1-year high of $49.87. The stock’s 50-day moving average is $43.95 and its 200-day moving average is $44.29. The company has a market cap of $26.698 billion and a P/E ratio of 17.18.

Tenaris S.A. (NYSE:TS) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.35. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company posted $0.71 earnings per share. Tenaris S.A.’s revenue was down 5.9% compared to the same quarter last year. Analysts expect that Tenaris S.A. will post $2.76 EPS for the current fiscal year.

Tenaris SA is a Luxembourg-based holding company engaged in the steel pipe manufacturing and distributing businesses.

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