Saipem SpA (BIT:SPM) was upgraded by investment analysts at Macquarie from an “underperform” rating to a “neutral” rating in a report released on Wednesday, reports.

Shares of Saipem SpA (SPM) traded down 0.305% during mid-day trading on Wednesday, hitting €3.264. 5,168,425 shares of the company’s stock traded hands. Saipem SpA has a 1-year low of €3.26 and a 1-year high of €3.32. The stock has a 50 day moving average price of €0.41 and a 200-day moving average price of €0.44. The stock’s market cap is €3.28 billion.

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About Saipem SpA

Saipem S.p.A., together with its subsidiaries, engages in the engineering, construction, procurement, and drilling businesses worldwide. It offers engineering, procurement, project management, construction, and drilling services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets.

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