Alstom (OTCMKTS:ALSMY) Shares Gap Down Following Analyst Downgrade

Alstom ADR (OTCMKTS:ALSMY) shares gapped down before the market opened on Tuesday after Kepler Capital Markets downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $3.12, but opened at $3.02. Alstom shares last traded at $3.01, with a volume of 23,553 shares traded.

Several other equities research analysts also recently weighed in on the stock. Barclays reaffirmed an “underweight” rating on shares of Alstom in a report on Wednesday, December 3rd. Citigroup raised shares of Alstom from a “neutral” rating to a “buy” rating in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Alstom in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Alstom Price Performance

The company’s 50-day moving average is $2.67 and its 200 day moving average is $2.50.

Alstom Company Profile

Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company’s portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.

Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world’s largest rail transport equipment suppliers.