Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) from a buy rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

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. “

A number of other research analysts also recently issued reports on RYCEY. JPMorgan Chase & Co. reiterated a neutral rating on shares of Rolls-Royce Holdings plc in a research report on Tuesday, August 17th. Morgan Stanley reiterated an equal weight rating on shares of Rolls-Royce Holdings plc in a research report on Friday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a hold rating on shares of Rolls-Royce Holdings plc in a research report on Monday, August 9th. Finally, Societe Generale reiterated a sell rating on shares of Rolls-Royce Holdings plc in a research report on Friday, August 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $1.50.

OTCMKTS:RYCEY opened at $1.78 on Tuesday. The firm’s fifty day moving average is $1.47 and its 200-day moving average is $1.50. Rolls-Royce Holdings plc has a 52 week low of $1.21 and a 52 week high of $3.56. The firm has a market cap of $3.44 billion, a P/E ratio of -2.07 and a beta of 1.23.

An institutional investor recently bought a new position in Rolls-Royce Holdings plc stock. Cullen Capital Management LLC acquired a new position in shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,000 shares of the aerospace company’s stock, valued at approximately $68,000. 0.83% of the stock is owned by institutional investors and hedge funds.

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense and ITP Aero. The Civil Aerospace segment offers commercial aero engines and aftermarket services.

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Analyst Recommendations for Rolls-Royce Holdings plc (OTCMKTS:RYCEY)

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