Indra Sistemas (OTCMKTS:ISMAY) Upgraded to Strong-Buy at Berenberg Bank

Key Points

• Berenberg Bank upgraded Indra Sistemas to a "strong-buy" rating, highlighting growing confidence from analysts in the company's performance.
• Multiple firms, including Kepler Capital Markets and The Goldman Sachs Group, have echoed this sentiment, with three analysts now rating the stock as "Strong Buy."
• Indra Sistemas has experienced significant price movement, with a twelve-month low of $8.05 and a high of $23.49, reflecting strong market interest.

Berenberg Bank upgraded shares of Indra Sistemas (OTCMKTS:ISMAY - Free Report) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. The Goldman Sachs Group raised shares of Indra Sistemas from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 8th. Kepler Capital Markets upgraded shares of Indra Sistemas from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Strong Buy".

Indra Sistemas Trading Up 6.4%

Shares of ISMAY stock traded up $1.28 during mid-day trading on Wednesday, hitting $21.40. 3,813 shares of the stock were exchanged, compared to its average volume of 1,344. Indra Sistemas has a 52-week low of $8.05 and a 52-week high of $23.49. The firm has a fifty day moving average of $20.72 and a 200 day moving average of $18.64. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

Indra Sistemas Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 25th. Investors of record on Thursday, July 10th were paid a dividend of $0.0882 per share. The ex-dividend date was Wednesday, July 9th. This represents a dividend yield of 42.0%. Indra Sistemas's payout ratio is presently 7.63%.

About Indra Sistemas

Indra Sistemas, SA operates as a technology and consulting company for aerospace, defense, and mobility business worldwide. The company operates through four segments: Defence, Air Traffic, Mobility, and Minsait. It offers Mova Consulting for planing and designing transport infrastructures; Mova Collect for ticketing, tolling, and back office applications; Mova Traffic for building traffic management and control solutions; Mova Protect for protection of businesses and people; Mova Experience; Mova Comms for connecting the transportation ecosystem with personalized communication solutions; Mova Care that provides infrastructure operation and maintenance, technology operation and maintenance, and transportation services operation and maintenance; and In-Mova Space, a technological mobility and infrastructure management platform.