Ferrovial (OTCMKTS:FRRVY) Lifted to “Buy” at Citigroup

Citigroup upgraded shares of Ferrovial (OTCMKTS:FRRVYGet Rating) from a neutral rating to a buy rating in a research report released on Tuesday morning, The Fly reports.

A number of other equities analysts have also issued reports on FRRVY. Morgan Stanley reduced their target price on shares of Ferrovial from €36.00 ($37.89) to €34.00 ($35.79) in a research report on Monday, April 11th. Royal Bank of Canada lowered shares of Ferrovial from an outperform rating to a sector perform rating in a research report on Thursday, June 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ferrovial from €30.00 ($31.58) to €27.00 ($28.42) in a research report on Tuesday, May 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Ferrovial presently has a consensus rating of Hold and an average target price of $30.41.

Shares of Ferrovial stock opened at $25.27 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.38 and a debt-to-equity ratio of 1.63. Ferrovial has a 1-year low of $23.62 and a 1-year high of $32.74. The firm’s 50-day moving average price is $25.60 and its two-hundred day moving average price is $27.31.

Ferrovial Company Profile (Get Rating)

Ferrovial, SA, together with its subsidiaries, operates as an infrastructure and mobility operator in the United States, Poland, Spain, the United Kingdom, Canada, and internationally. The company engages in the design and construction of various public and private works; and development, finance, and operation of toll roads.

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