Alstom (OTCMKTS:ALSMY) Shares Gap Down After Analyst Downgrade

Alstom ADR (OTCMKTS:ALSMY)’s share price gapped down prior to trading on Tuesday after Kepler Capital Markets downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $3.12, but opened at $3.02. Alstom shares last traded at $3.01, with a volume of 23,553 shares.

ALSMY has been the subject of a number of other research reports. Barclays reaffirmed an “underweight” rating on shares of Alstom in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alstom in a research report on Friday, November 14th. Finally, Citigroup raised Alstom from a “neutral” rating to a “buy” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Alstom presently has a consensus rating of “Moderate Buy”.

Alstom Price Performance

The business has a 50 day simple moving average of $2.68 and a 200 day simple moving average of $2.50.

Alstom Company Profile

Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company’s portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.

Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world’s largest rail transport equipment suppliers.