Rolls-Royce (RYCEY) Rating Lowered to Hold at Zacks Investment Research

Rolls-Royce (OTCMKTS:RYCEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “ROLLS ROYCE, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets – civil aerospace, defence aerospace, marine and energy. It continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry. “

Separately, Deutsche Bank raised Rolls-Royce from a “sell” rating to a “hold” rating in a report on Friday, December 15th.

Shares of Rolls-Royce (OTCMKTS:RYCEY) traded up $0.10 during trading on Friday, hitting $12.36. The company’s stock had a trading volume of 56,925 shares, compared to its average volume of 163,794. Rolls-Royce has a fifty-two week low of $8.30 and a fifty-two week high of $13.10. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 1.05.

A hedge fund recently raised its stake in Rolls-Royce stock. Parametric Portfolio Associates LLC lifted its stake in Rolls-Royce Holding PLC (OTCMKTS:RYCEY) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,128,885 shares of the aerospace company’s stock after purchasing an additional 83,024 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.06% of Rolls-Royce worth $13,400,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.10% of the company’s stock.

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About Rolls-Royce

Rolls-Royce Holdings plc is a United Kingdom-based engineering company. The Company is focused on power and propulsion systems. Its segments include Civil Aerospace, which is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services; Defence Aerospace, which is engaged in the development, manufacture, marketing and sales of military aero engines and aftermarket services, and caters to sectors, including combat aircraft, trainer aircraft and helicopters; Power Systems, which is engaged in the development, manufacture, marketing and sales of reciprocating engines and power systems; Marine, which is engaged in the development, manufacture, marketing and sales of marine-power propulsion systems and aftermarket services, operating in offshore, merchant and naval markets, and Nuclear, which is engaged in the development, manufacture, marketing and sales of nuclear systems for civil power generation and naval propulsion systems.

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