Shares of Saipem (OTCMKTS:SAPMF – Get Free Report) were up 8% on Friday . The stock traded as high as $2.70 and last traded at $2.70. Approximately 2,000 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 2,917 shares. The stock had previously closed at $2.50.
Analyst Upgrades and Downgrades
SAPMF has been the topic of several recent analyst reports. Royal Bank Of Canada cut shares of Saipem from a “moderate buy” rating to a “hold” rating in a report on Friday, August 1st. Citigroup raised shares of Saipem to a “strong-buy” rating in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.
Get Our Latest Research Report on SAPMF
Saipem Trading Up 3.8%
Saipem Company Profile
Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.
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