Saipem (OTCMKTS:SAPMF - Get Free Report) was downgraded by investment analysts at Royal Bank Of Canada from a "moderate buy" rating to a "hold" rating in a note issued to investors on Friday,
Zacks.com reports.
Saipem Stock Performance
Saipem stock opened at $2.70 on Friday. Saipem has a 1 year low of $1.81 and a 1 year high of $2.90. The business has a 50-day moving average of $2.69 and a 200-day moving average of $2.43.
About Saipem
(
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Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.
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