Zacks Investment Research upgraded shares of Carillion (NASDAQ:CIOIF) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Carillion plc provides an integrated support services company. The company’s service consists of support services, project finance and construction services. Support services provides maintenance, facilities management, energy and infrastructure services for roads, railways and utility networks, notably telecommunications and power transmission and distribution, and remote site accommodation services. Project finance arranges the funding for Public Private Partnership projects. It operates primarily in the United Kingdom, the Middle East and North Africa, Canada and the rest of the world. Carillion plc is headquartered in Wolverhampton, the United Kingdom. “

Shares of Carillion (CIOIF) traded down 29.54% during midday trading on Wednesday, hitting $0.52. 2,307 shares of the company’s stock were exchanged. The firm has a market cap of $223.70 million and a price-to-earnings ratio of 1.56. The company has a 50-day moving average of $0.80 and a 200-day moving average of $2.40. Carillion has a 52 week low of $0.52 and a 52 week high of $2.70.

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