Carillion (CIOIF) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Carillion (NASDAQ:CIOIF) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

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 (NASDAQ:CIOIF) opened at 0.635 on Tuesday. The company’s 50 day moving average is $0.74 and its 200 day moving average is $2.27. Carillion has a one year low of $0.52 and a one year high of $3.83. The stock has a market cap of $273.17 million and a PE ratio of 1.907.

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