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Saipem (OTCMKTS:SAPMF) Cut to Hold at Royal Bank Of Canada

Saipem logo with Energy background

Key Points

  • Saipem has been downgraded from a "moderate buy" to a "hold" rating by analysts at Royal Bank Of Canada.
  • As of Friday, Saipem stock opened at $2.70, with a 1-year range between $1.81 and $2.90.
  • Saipem SpA provides global energy and infrastructure solutions through various operational segments, including Offshore Drilling and Asset Based Services.
  • Five stocks to consider instead of Saipem.

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

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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