Kepler Capital Markets Upgrades Air Liquide (OTCMKTS:AIQUY) to Hold

Key Points

• Kepler Capital Markets upgraded Air Liquide from a "strong sell" to a "hold" rating in a recent report, indicating a shift in analysts' perspective on the stock.
• As of Monday, Air Liquide shares were trading at $39.48, with a 12-month price range between $31.68 and $43.12.
• Various institutional investors have recently increased their holdings in Air Liquide, with some hedge funds acquiring substantial new positions during the first and second quarters of the year.

Air Liquide (OTCMKTS:AIQUY - Get Free Report) was upgraded by investment analysts at Kepler Capital Markets from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Air Liquide Price Performance

Shares of AIQUY opened at $39.48 on Monday. The stock has a fifty day moving average price of $41.07 and a 200 day moving average price of $40.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.84. Air Liquide has a 12 month low of $31.68 and a 12 month high of $43.12.

Institutional Investors Weigh In On Air Liquide

Several hedge funds have recently bought and sold shares of AIQUY. Accent Capital Management LLC acquired a new position in Air Liquide in the 1st quarter worth about $34,000. First Horizon Advisors Inc. increased its holdings in shares of Air Liquide by 37.8% during the 1st quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 286 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Air Liquide by 52.2% during the 1st quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company's stock valued at $176,000 after acquiring an additional 1,588 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of Air Liquide during the 2nd quarter valued at about $208,000. Finally, Hancock Whitney Corp increased its holdings in shares of Air Liquide by 3.2% during the 1st quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company's stock valued at $667,000 after acquiring an additional 547 shares during the last quarter. 0.01% of the stock is owned by hedge funds and other institutional investors.

About Air Liquide

L'Air Liquide SA provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.

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