AMEC Foster Wheeler plc American Depositary Shares (NASDAQ:AMFW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “Amec Foster Wheeler plc provides consultancy, engineering, project management, operations and construction services, project delivery as well as specialised power equipment services to the oil & gas, clean energy, environment & infrastructure and mining markets. It operates primarily in Americas, AMEA, Southern Europe and Northern Europe. Amec Foster Wheeler plc is headquartered in London, the United Kingdom. “

A number of other equities research analysts have also issued reports on the stock. Macquarie raised shares of AMEC Foster Wheeler plc American Depositary Shares from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 24th. Numis Securities Ltd raised shares of AMEC Foster Wheeler plc American Depositary Shares from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Finally, BidaskClub raised shares of AMEC Foster Wheeler plc American Depositary Shares from a “strong sell” rating to a “sell” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. AMEC Foster Wheeler plc American Depositary Shares currently has a consensus rating of “Hold”.

Shares of AMEC Foster Wheeler plc American Depositary Shares (NASDAQ AMFW) traded up 1.33% during trading on Thursday, reaching $6.11. 30,779 shares of the company traded hands. AMEC Foster Wheeler plc American Depositary Shares has a 52 week low of $4.96 and a 52 week high of $7.82. The company’s 50-day moving average price is $5.59 and its 200-day moving average price is $6.20. The company’s market capitalization is $2.33 billion.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Timber Hill LLC grew its holdings in AMEC Foster Wheeler plc American Depositary Shares by 1.1% during the 2nd quarter. Timber Hill LLC now owns 18,105 shares of the company’s stock valued at $118,000 after buying an additional 205 shares in the last quarter. Capstone Asset Management Co. purchased a new position in shares of AMEC Foster Wheeler plc American Depositary Shares in the second quarter valued at $119,000. Comerica Bank purchased a new position in shares of AMEC Foster Wheeler plc American Depositary Shares in the second quarter valued at $118,000. World Asset Management Inc purchased a new position in shares of AMEC Foster Wheeler plc American Depositary Shares in the second quarter valued at $138,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of AMEC Foster Wheeler plc American Depositary Shares by 15.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 26,862 shares of the company’s stock valued at $176,000 after purchasing an additional 3,622 shares in the last quarter.

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Analyst Recommendations for AMEC Foster Wheeler plc American Depositary Shares (NASDAQ:AMFW)

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