Saipem SpA (OTCMKTS:SAPMF) Given Average Rating of “Hold” by Brokerages

Saipem SpA (OTCMKTS:SAPMF) has been given an average rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company.

SAPMF has been the subject of several research analyst reports. Zacks Investment Research downgraded Saipem from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Goldman Sachs Group upgraded Saipem from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 26th. Finally, Jefferies Financial Group downgraded Saipem from a “hold” rating to an “underperform” rating in a research report on Thursday, April 11th.

Shares of OTCMKTS:SAPMF remained flat at $$5.15 on Friday. Saipem has a twelve month low of $4.16 and a twelve month high of $6.20.

About Saipem

Saipem S.p.A., together with its subsidiaries, engages in the drilling, engineering, procurement, construction, and installation businesses worldwide. The company operates through five divisions: Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling, and Floaters segments. It provides engineering, procurement, project management, and construction services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets.

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