Alstom (OTCMKTS:ALSMY) Stock Rating Upgraded by Zacks Investment Research

Alstom (OTCMKTS:ALSMYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday, Zacks.com reports. The brokerage currently has a $2.75 price target on the transportation company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 8.27% from the company’s previous close.

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. “

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Alstom from €37.50 ($39.89) to €38.00 ($40.43) and gave the company an “overweight” rating in a research report on Monday, May 16th. UBS Group cut their price target on Alstom from €47.00 ($50.00) to €44.00 ($46.81) in a research note on Wednesday, April 6th. Finally, Morgan Stanley decreased their target price on shares of Alstom from €50.00 ($53.19) to €46.00 ($48.94) in a report on Friday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $34.35.

Shares of OTCMKTS:ALSMY traded up $0.04 during mid-day trading on Monday, reaching $2.54. The stock had a trading volume of 476,763 shares, compared to its average volume of 857,310. Alstom has a twelve month low of $1.86 and a twelve month 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 firm has a 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $2.92.

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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Analyst Recommendations for Alstom (OTCMKTS:ALSMY)

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