Thales (OTCMKTS:THLLY) Rating Lowered to “Hold” at Rothschild & Co Redburn

Thales (OTCMKTS:THLLY) was downgraded by stock analysts at Rothschild & Co Redburn from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.

A number of other equities research analysts have also weighed in on THLLY. Royal Bank Of Canada started coverage on shares of Thales in a report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Thales in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Thales Trading Down 2.4%

Shares of OTCMKTS THLLY opened at $49.92 on Wednesday. Thales has a one year low of $48.12 and a one year high of $64.14. The firm’s 50 day simple moving average is $52.38 and its two-hundred day simple moving average is $55.71.

About Thales

Thales is a France-based technology and defense company that develops systems and services for the aerospace, defense, transportation, digital identity and cybersecurity markets. The company serves governments, military organizations, businesses and infrastructure operators, with activities spanning secure communications, intelligence, surveillance, avionics and mission systems.

Its aerospace and space businesses provide aircraft equipment, flight management and cockpit systems, in-flight entertainment, air traffic management solutions and satellite-related technologies.