Acciona (OTCMKTS:ACXIF) Shares Down 5.7% – Should You Sell?

Acciona, S.A. (OTCMKTS:ACXIF) shares fell 5.7% on Monday . The stock traded as low as $210.4735 and last traded at $210.4735. 49 shares were traded during trading, a decline of 69% from the average session volume of 158 shares. The stock had previously closed at $223.28.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ACXIF shares. Santander cut Acciona to a “neutral” rating in a report on Wednesday, November 5th. BNP Paribas Exane downgraded Acciona to an “underperform” rating in a research report on Monday, November 24th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Acciona in a research note on Tuesday, January 20th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Acciona has a consensus rating of “Strong Sell”.

Acciona Price Performance

The business has a 50-day moving average price of $213.20 and a 200-day moving average price of $208.59.

About Acciona

Acciona, SA (OTCMKTS:ACXIF) is a global leader in sustainable infrastructure, renewable energy and water management solutions. The company develops, constructs and operates wind, solar photovoltaic, solar thermal, hydropower and biomass power plants, alongside engineering, procurement and construction services for major infrastructure projects. Acciona’s offerings also include operation and maintenance services, facility management and integrated water solutions such as desalination, wastewater treatment and industrial water services.

Tracing its roots to Spanish engineering firms established in the 19th century, Acciona consolidated its current structure in 1997 through the merger of Entrecanales y Távora and Cubiertas y Tejados.