Credit Suisse Group Upgrades Geely Automobile (OTCMKTS:GELYF) to Buy
Credit Suisse Group upgraded shares of Geely Automobile (OTCMKTS:GELYF) to a buy rating in a research note published on Tuesday, TipRanks reports.
Other analysts have also recently issued research reports about the stock. Piper Jaffray Companies initiated coverage on shares of Geely Automobile in a research note on Tuesday, December 3rd. They set an overweight rating on the stock. Nomura reaffirmed a buy rating on shares of Geely Automobile in a research note on Tuesday, January 7th. Finally, Sanford C. Bernstein raised shares of Geely Automobile from a market perform rating to an outperform rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy.
Shares of OTCMKTS:GELYF opened at $1.85 on Tuesday. The company’s 50 day simple moving average is $1.86 and its 200 day simple moving average is $1.76. Geely Automobile has a 1 year low of $1.34 and a 1 year high of $2.41.
Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People's Republic of China. The company engages in the research, development, production, marketing, and sale of automobiles, automobile parts, and related automobile components.
Featured Story: What is a Derivative?
Receive News & Ratings for Geely Automobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geely Automobile and related companies with MarketBeat.com's FREE daily email newsletter.