Citigroup Inc. Lowers Subsea 7 SA (SUBCY) to Sell
Subsea 7 SA (NASDAQ:SUBCY) was downgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a research note issued on Friday.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Subsea 7 SA from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, August 2nd. Jefferies Group lowered Subsea 7 SA from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. JPMorgan Chase & Co. lowered Subsea 7 SA from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 26th. Credit Suisse Group AG assumed coverage on Subsea 7 SA in a report on Monday, September 19th. They issued an “underperform” rating on the stock. Finally, BNP Paribas lowered Subsea 7 SA from an “outperform” rating to a “neutral” rating in a report on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.00.
Subsea 7 SA (NASDAQ:SUBCY) opened at 11.04 on Friday. Subsea 7 SA has a 12-month low of $4.86 and a 12-month high of $11.60. The company has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.
Subsea 7 SA Company Profile
Subsea 7 SA is a provider of seabed-to-surface engineering, construction and offshore installation services to the energy industry. The Company’s operating segments include Northern Hemisphere and Life of Field, Southern Hemisphere and Global Projects, and Corporate. The Company provides products and services for subsea field development, including project management, design and engineering, procurement, fabrication, survey, installation and commissioning of production facilities on the seabed and the tie-back of these facilities to fixed or floating platforms or to the shore.
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