Alstom (OTCMKTS:ALSMY) Hits New 52-Week High – Still a Buy?

Alstom ADR (OTCMKTS:ALSMY) shares reached a new 52-week high on Wednesday . The stock traded as high as $3.3050 and last traded at $3.27, with a volume of 29925 shares trading hands. The stock had previously closed at $3.10.

Wall Street Analyst Weigh In

ALSMY has been the subject of a number of research reports. Barclays reiterated an “underweight” rating on shares of Alstom in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Alstom in a research note on Tuesday, January 6th. Kepler Capital Markets cut shares of Alstom from a “buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Citigroup raised shares of Alstom from a “neutral” rating to a “buy” rating in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alstom presently has a consensus rating of “Moderate Buy”.

Alstom Stock Up 5.2%

The company has a current ratio of 0.97, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average is $2.83 and its 200-day moving average is $2.58.

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.