Rolls-Royce (OTCMKTS:RYCEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday, January 20th.
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.
Rolls-Royce (OTCMKTS:RYCEY) opened at $11.62 on Friday. Rolls-Royce has a 52 week low of $8.43 and a 52 week high of $13.10. The firm has a market capitalization of $21,190.00, a PE ratio of -22.35, a P/E/G ratio of 1.71 and a beta of 1.10. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 1.05.
A number of institutional investors have recently made changes to their positions in RYCEY. Dorsey Wright & Associates purchased a new stake in Rolls-Royce in the 3rd quarter worth about $3,962,000. Parametric Portfolio Associates LLC grew its holdings in Rolls-Royce by 14.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,055,794 shares of the aerospace company’s stock valued at $12,173,000 after buying an additional 135,750 shares during the last quarter. Finally, Roundview Capital LLC acquired a new stake in Rolls-Royce in the 4th quarter valued at approximately $124,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
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Rolls-Royce Company Profile
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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