Cairn Energy Plc (NASDAQ:CRNCY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Cairn Energy PLC is engaged in the discovery, exploration and development of oil and gas properties in South Asia. The Company has discovered and developed many major fields in India and Bangladesh. Cairn Energy PLC is headquartered in Edinburgh, the United Kingdom. “

Shares of Cairn Energy Plc (CRNCY) remained flat at $4.50 during midday trading on Tuesday. Cairn Energy Plc has a 12 month low of $4.29 and a 12 month high of $6.15. The firm’s market cap is $1.29 billion. The company’s 50-day moving average price is $5.13 and its 200 day moving average price is $5.42.

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