Leonardo (OTCMKTS:FINMY) Upgraded at Citigroup

Citigroup upgraded shares of Leonardo (OTCMKTS:FINMY) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Several other research firms also recently weighed in on FINMY. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Deutsche Bank Aktiengesellschaft downgraded Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Leonardo in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Leonardo presently has an average rating of “Buy”.

Leonardo Stock Down 1.0%

FINMY opened at $35.91 on Tuesday. Leonardo has a 12-month low of $20.97 and a 12-month high of $37.51. The firm’s fifty day moving average price is $34.03 and its 200 day moving average price is $31.33.

About Leonardo

Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.

The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.