Zacks Investment Research downgraded shares of Technip SA (NASDAQ:TKPPY) from a buy rating to a hold rating in a research note released on Thursday morning.

According to Zacks, “Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies. The Company designs and builds high-technology industrial installations, such as subsea equipment and platforms, and onshore mega-complexes for the oil, gas and petrochemical sectors. It operates in three segments: Subsea, Offshore and Onshore. The Company’s main subsidiaries are Technip France, Technip Italy SpA, Technip UK Limited, Technip Geoproduction Malaysia SDN BHD, Flexibras Tubos Flexiveis Limitada and Technip USA Inc. The Company’s locations outside France include Italy, Malaysia, Germany, the United Kingdom, Norway, Finland, the United States, the Netherlands, Brazil, the United Arab Emirates, Nigeria, China, India and Australia. “

A number of other equities research analysts also recently weighed in on TKPPY. Barclays PLC downgraded Technip SA from an equal weight rating to an underweight rating in a research report on Friday, June 17th. Credit Suisse Group AG started coverage on Technip SA in a research report on Monday, September 19th. They set an outperform rating for the company.

Technip SA (NASDAQ:TKPPY) traded up 2.44% during midday trading on Thursday, hitting $15.48. The company had a trading volume of 200,080 shares. The company has a market cap of $1.89 billion and a P/E ratio of 3.25. Technip SA has a one year low of $9.69 and a one year high of $15.50. The company’s 50 day moving average is $14.57 and its 200-day moving average is $13.91.

5 Day Chart for NASDAQ:TKPPY

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