Societe Generale Downgrades Thales (OTCMKTS:THLLY) to Hold

Societe Generale cut shares of Thales (OTCMKTS:THLLYGet Rating) from a buy rating to a hold rating in a research report released on Thursday, The Fly reports.

Several other equities analysts have also weighed in on THLLY. Deutsche Bank Aktiengesellschaft increased their price objective on Thales from €110.00 ($118.28) to €137.00 ($147.31) and gave the company a buy rating in a report on Tuesday, April 12th. Jefferies Financial Group upgraded Thales from a hold rating to a buy rating in a research note on Tuesday, March 1st. Finally, Morgan Stanley cut Thales from an overweight rating to an equal weight rating in a research note on Wednesday, April 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Thales currently has a consensus rating of Buy and a consensus target price of $118.50.

Thales stock opened at $25.72 on Thursday. The firm has a 50 day moving average price of $24.96 and a 200-day moving average price of $20.41. Thales has a twelve month low of $15.69 and a twelve month high of $27.94.

Thales Company Profile (Get Rating)

Thales SA provides various solutions for civilian and military customers in the aeronautics, space, defense, security, and ground transportation markets worldwide. It operates through Aerospace, Transport, Defence & Security, and Digital Identity & Security segments. The company offers communications, command, and control systems; mission services and support; protection and mission/combat systems; surveillance, detection, and intelligence systems; training and simulation solutions for air, land, naval, and joint forces; and digital identity and security solutions.

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