Leonardo (OTCMKTS:FINMY) Upgraded to “Strong-Buy” at Citigroup

Leonardo (OTCMKTS:FINMY) was upgraded by Citigroup from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Deutsche Bank Aktiengesellschaft cut shares of Leonardo from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Leonardo in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Leonardo presently has an average rating of “Buy”.

Leonardo Stock Performance

OTCMKTS:FINMY opened at $36.26 on Tuesday. The company has a fifty day moving average of $33.98 and a two-hundred day moving average of $31.30. Leonardo has a fifty-two week low of $20.97 and a fifty-two week high of $37.51.

About Leonardo

Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.

The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.