Zacks Investment Research Upgrades ALSTOM (ALSMY) to Buy

Zacks Investment Research upgraded shares of ALSTOM (OTCMKTS:ALSMY) from a hold rating to a buy rating in a research note released on Wednesday morning. They currently have $4.75 target price on the transportation company’s stock.

According to Zacks, “Alstom SA develops and markets systems, equipment and services for the railway sector. Its product includes bogies, traction systems, electrification, track laying and urban integrated solution. It also offers services such as parts and repairs, maintenance, customisation, modernisation and support services. Alstom SA is headquartered in France. “

Shares of ALSTOM (ALSMY) traded down $0.02 on Wednesday, reaching $4.22. 3,480 shares of the company traded hands, compared to its average volume of 2,914. ALSTOM has a 12-month low of $2.64 and a 12-month high of $4.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 1.06.

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Alstom SA, through with its subsidiaries, designs, develops, and markets various rail transport products and systems in Europe, the Americas, Asia and Pacific, the Middle-East, and Africa. It offers trains, such as metros, tramways, tram-trains, suburban trains, regional trains, high-speed trains, and passengers and freight locomotives; and signaling products, including rail control systems, security and control, trackside, and interlocking products.

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