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.

Further Reading: What are trading strategies for the 52-week high/low?

Receive News & Ratings for Saipem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saipem and related companies with MarketBeat.com's FREE daily email newsletter.