Ferrovial (NASDAQ:FER) Upgraded by Bank of America to Buy Rating

Ferrovial (NASDAQ:FER) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Tuesday, MarketBeat Ratings reports.

Separately, Royal Bank of Canada upgraded Ferrovial to a “hold” rating in a report on Tuesday, November 12th.

Ferrovial Price Performance

FER stock opened at $41.59 on Tuesday. The firm has a 50-day simple moving average of $40.67 and a 200-day simple moving average of $40.65. Ferrovial has a 52 week low of $35.30 and a 52 week high of $48.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&G Plc acquired a new stake in Ferrovial during the second quarter worth approximately $43,583,000. Assenagon Asset Management S.A. bought a new stake in Ferrovial during the 2nd quarter valued at $985,000. Bank of New York Mellon Corp purchased a new position in Ferrovial during the second quarter valued at $48,282,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Ferrovial in the 2nd quarter valued at approximately $11,119,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Ferrovial in the 2nd quarter worth approximately $1,291,000.

About Ferrovial

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.