Babcock International Group (OTCMKTS:BCKIY) Cut to Hold at Citigroup

Citigroup downgraded shares of Babcock International Group (OTCMKTS:BCKIY) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Babcock International Group Trading Up 1.4%

Shares of OTCMKTS:BCKIY opened at $19.10 on Thursday. Babcock International Group has a 52 week low of $7.09 and a 52 week high of $21.15. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 0.97. The business has a fifty day simple moving average of $18.24 and a 200-day simple moving average of $16.26.

Babcock International Group Company Profile

Babcock International Group plc is a leading global provider of critical, complex engineering support services. Headquartered in the United Kingdom, the company specializes in the design, construction, operation and maintenance of infrastructure and assets across defence, emergency services, transport, and energy sectors. Through a combination of technical expertise, asset management and specialist training, Babcock supports customers through the full lifecycle of their projects, from initial concept and procurement to long-term through-life support.

The company’s core activities encompass maritime and naval support, including the maintenance and refit of warships; aerospace services such as aircraft maintenance, repair and overhaul (MRO); and land-sector operations covering armoured vehicle support, munitions management and training solutions.