Morgan Stanley Reaffirms “Equal Weight” Rating for Saipem (OTCMKTS:SAPMY)

Morgan Stanley restated their equal weight rating on shares of Saipem (OTCMKTS:SAPMY) in a research report report published on Wednesday, The Fly reports.

Several other analysts have also recently issued reports on SAPMY. JPMorgan Chase & Co. reissued a neutral rating on shares of Saipem in a research note on Tuesday, July 14th. Goldman Sachs Group cut Saipem from a buy rating to a neutral rating in a research note on Thursday, July 30th. Credit Suisse Group reissued an underperform rating on shares of Saipem in a research note on Monday, October 5th. Sanford C. Bernstein cut Saipem from an outperform rating to a market perform rating in a research note on Friday, August 21st. Finally, Berenberg Bank reissued a buy rating on shares of Saipem in a research note on Friday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Saipem has an average rating of Hold.

OTCMKTS SAPMY opened at $3.64 on Wednesday. Saipem has a 1 year low of $3.19 and a 1 year high of $10.02. The business’s 50-day moving average is $3.72 and its 200 day moving average is $4.57.

About Saipem

Saipem SpA engages in the engineering, drilling, and construction of projects in the energy and infrastructure sectors worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT.

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Analyst Recommendations for Saipem (OTCMKTS:SAPMY)

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