Alstom (OTCMKTS:ALSMY) Lowered to “Hold” at Zacks Investment Research

Alstom (OTCMKTS:ALSMY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Alstom SA develops and markets systems, equipment and services for the railway sector. Its product includes bogies, traction systems, electrification, track laying and urban integrated solution. It also offers services such as parts and repairs, maintenance, customisation, modernisation and support services. Alstom SA is headquartered in France. “

ALSMY has been the subject of a number of other reports. Morgan Stanley reduced their price target on shares of Alstom from €50.00 ($52.08) to €46.00 ($47.92) in a research report on Friday, April 8th. UBS Group cut their target price on shares of Alstom from €47.00 ($48.96) to €44.00 ($45.83) in a report on Wednesday, April 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alstom from €37.50 ($39.06) to €38.00 ($39.58) and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $34.30.

ALSMY traded up $0.08 during trading on Friday, reaching $2.50. 224,652 shares of the company’s stock were exchanged, compared to its average volume of 793,088. Alstom has a 1 year low of $1.86 and a 1 year high of $5.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.81. The company’s fifty day simple moving average is $2.29 and its 200-day simple moving average is $2.94.

Alstom Company Profile (Get Rating)

Alstom SA offers solutions for rail transport industry in Europe, the Americas, Asia and Pacific, the Middle East, and Africa. The company offers rolling stock solutions for electric buses, tramways, tram-trains and LRVs, metros, suburban trains, regional and intercity trains, high-speed trains, and locomotives; and asset optimization, connectivity, digital passenger, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling.

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