Saipem SpA (OTCMKTS:SAPMF) Receives Average Recommendation of “Hold” from Analysts

Shares of Saipem SpA (OTCMKTS:SAPMF) have been given an average rating of “Hold” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company.

A number of analysts have commented on SAPMF shares. Jefferies Financial Group cut Saipem from a “hold” rating to an “underperform” rating in a research report on Thursday, April 11th. Zacks Investment Research upgraded Saipem from a “sell” rating to a “hold” rating in a research report on Saturday, July 20th.

SAPMF remained flat at $$5.15 during midday trading on Monday. The business has a fifty day simple moving average of $5.15. Saipem has a 1 year low of $4.16 and a 1 year high of $6.20.

Saipem Company Profile

Saipem S.p.A., together with its subsidiaries, engages in the drilling, engineering, procurement, construction, and installation businesses worldwide. The company operates through five divisions: Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling, and Floaters segments. It provides engineering, procurement, project management, and construction services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets.

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