Atlantia (OTCMKTS:ATASY) Downgraded to “Sell” at Zacks Investment Research

Atlantia (OTCMKTS:ATASY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Atlantia S.p.A. is a holding company with responsibility for portfolio strategies in the transport and communications infrastructures and network sectors. The company builds and operates toll motorways in Italy and internationally. Atlantia is based in Roma, Italy. “

A number of other equities analysts have also recently issued reports on ATASY. Morgan Stanley raised their price objective on shares of Atlantia from €18.70 ($20.33) to €18.90 ($20.54) in a research note on Wednesday, January 19th. Societe Generale cut shares of Atlantia from a “buy” rating to a “hold” rating in a research report on Tuesday. Kepler Capital Markets cut Atlantia from a “buy” rating to a “hold” rating and raised their target price for the stock from €20.00 ($21.74) to €23.00 ($25.00) in a report on Wednesday. Finally, UBS Group downgraded shares of Atlantia from a “buy” rating to a “neutral” rating in a research note on Thursday, March 24th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.30.

Shares of OTCMKTS:ATASY traded down $0.02 during trading on Wednesday, hitting $11.79. 220,750 shares of the company’s stock were exchanged, compared to its average volume of 19,206. The firm has a 50-day moving average price of $9.56 and a two-hundred day moving average price of $9.53. Atlantia has a 1-year low of $8.09 and a 1-year high of $12.13.

About Atlantia (Get Rating)

Atlantia SpA, through its subsidiaries, engages in the construction and operation of motorways, airports and transport infrastructure, parking areas, and intermodal systems worldwide. It operates and manages approximately 13,000 kilometers of toll motorways. The company manages, maintains, constructs, and widens related motorways operated under concession; and provides support for the Italian motorway operators.

Read More