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.
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.
Featured Story: The Role of a Fiduciary and Individual Investors
Receive News & Ratings for Saipem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saipem and related companies with MarketBeat.com's FREE daily email newsletter.