Zacks Investment Research upgraded shares of Carillion (NASDAQ:CIOIF) from a sell rating to a hold rating in a research report report published 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. “

Carillion (CIOIF) opened at 0.635 on Wednesday. The stock has a market cap of $273.17 million and a price-to-earnings ratio of 1.907. The firm’s 50-day moving average price is $0.75 and its 200-day moving average price is $2.31. Carillion has a 12-month low of $0.52 and a 12-month high of $3.83.

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