Alstom (OTCMKTS:ALSMY) Shares Gap Down on Analyst Downgrade
by Scott Moore · The Cerbat GemAlstom ADR (OTCMKTS:ALSMY – Get Free Report)’s share price gapped down prior to trading on Tuesday after Kepler Capital Markets downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $3.12, but opened at $3.02. Alstom shares last traded at $3.01, with a volume of 23,553 shares trading hands.
Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alstom in a report on Friday, November 14th. Citigroup raised Alstom from a “neutral” rating to a “buy” rating in a research report on Friday, December 5th. Finally, Barclays reaffirmed an “underweight” rating on shares of Alstom in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alstom currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on ALSMY
Alstom Trading Down 3.5%
The company has a fifty day moving average of $2.67 and a two-hundred day moving average of $2.50.
Alstom Company Profile
Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company’s portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.
Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world’s largest rail transport equipment suppliers.