Credit Suisse Group Upgrades Geely Automobile (OTCMKTS:GELYF) to Buy
Credit Suisse Group upgraded shares of Geely Automobile (OTCMKTS:GELYF) to a buy rating in a research report sent to investors on Tuesday morning, TipRanks reports.
Several other equities analysts have also recently weighed in on GELYF. Piper Jaffray Companies began coverage on Geely Automobile in a report on Tuesday, December 3rd. They issued an overweight rating for the company. Nomura restated a buy rating on shares of Geely Automobile in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein upgraded Geely Automobile from a market perform rating to an outperform rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy.
GELYF stock opened at $1.85 on Tuesday. The stock has a 50-day moving average price of $1.86 and a two-hundred day moving average price of $1.76. Geely Automobile has a 1 year low of $1.34 and a 1 year high of $2.41.
Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People's Republic of China. The company engages in the research, development, production, marketing, and sale of automobiles, automobile parts, and related automobile components.
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