Carillion (NASDAQ:CIOIF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

According to Zacks, “Carillion plc provides an integrated support services company. The company’s service consists of support services, project finance and construction services. Support services provides maintenance, facilities management, energy and infrastructure services for roads, railways and utility networks, notably telecommunications and power transmission and distribution, and remote site accommodation services. Project finance arranges the funding for Public Private Partnership projects. It operates primarily in the United Kingdom, the Middle East and North Africa, Canada and the rest of the world. Carillion plc is headquartered in Wolverhampton, the United Kingdom. “

Carillion (CIOIF) remained flat at $0.61 during midday trading on Thursday. Carillion has a 12 month low of $0.52 and a 12 month high of $3.83. The stock has a 50 day moving average price of $0.66 and a 200-day moving average price of $1.89. The firm’s market cap is $262.42 million.

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