Kepler Capital Markets Downgrades Atlantia (OTCMKTS:ATASY) to Hold

Atlantia (OTCMKTS:ATASYGet Rating) was downgraded by research analysts at Kepler Capital Markets from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports. They presently have a €23.00 ($25.00) price target on the construction company’s stock, up from their previous price target of €20.00 ($21.74).

Several other analysts also recently issued reports on ATASY. UBS Group downgraded shares of Atlantia from a “buy” rating to a “neutral” rating in a report on Thursday, March 24th. Morgan Stanley increased their target price on Atlantia from €18.70 ($20.33) to €18.90 ($20.54) in a report on Wednesday, January 19th. Societe Generale cut Atlantia from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research lowered Atlantia from a “buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Atlantia presently has an average rating of “Hold” and an average target price of $17.30.

Shares of Atlantia stock traded down $0.02 on Wednesday, hitting $11.79. The company’s stock had a trading volume of 220,750 shares, compared to its average volume of 19,206. Atlantia has a 52-week low of $8.09 and a 52-week high of $12.13. The firm has a fifty day moving average price of $9.56 and a 200-day moving average price of $9.53.

Atlantia Company Profile (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.

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