Zacks Investment Research Upgrades Alstom ADR (ALSMY) to “Buy”
Alstom ADR (OTCMKTS:ALSMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $4.00 price target on the transportation company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.99% from the company’s previous close.
According to Zacks, “Alstom SA develops and markets systems, equipment and services for the railway sector. Its product includes bogies, traction systems, electrification, track laying and urban integrated solution. It also offers services such as parts and repairs, maintenance, customisation, modernisation and support services. Alstom SA is headquartered in France. “
Shares of Alstom ADR (ALSMY) remained flat at $3.54 during trading on Friday. 300 shares of the stock traded hands. The stock has a market capitalization of $7.78 billion and a price-to-earnings ratio of 23.32. The firm’s 50-day moving average is $3.53 and its 200-day moving average is $3.24. Alstom ADR has a 12-month low of $2.51 and a 12-month high of $3.61.
ILLEGAL ACTIVITY NOTICE: “Zacks Investment Research Upgrades Alstom ADR (ALSMY) to “Buy”” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/09/08/zacks-investment-research-upgrades-alstom-adr-alsmy-to-buy-2.html.
About Alstom ADR
Alstom SA, through with its subsidiaries, designs, develops, and markets various rail transport products and systems in Europe, the Americas, Asia and Pacific, the Middle-East, and Africa. It offers trains, such as metros, tramways, tram-trains, suburban trains, regional trains, high-speed trains, and passengers and freight locomotives; and signaling products, including rail control systems, security and control, trackside, and interlocking products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Alstom ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alstom ADR and related companies with MarketBeat.com's FREE daily email newsletter.