Saipem (OTCMKTS:SAPMF) Rating Lowered to “Hold” at Royal Bank Of Canada

Saipem (OTCMKTS:SAPMF) was downgraded by investment analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Saipem Stock Performance

Shares of SAPMF opened at $2.70 on Friday. Saipem has a fifty-two week low of $1.81 and a fifty-two week high of $2.90. The firm has a 50-day simple moving average of $2.69 and a 200-day simple moving average of $2.43.

About Saipem

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.