Leonardo (OTCMKTS:FINMY) Stock Rating Upgraded by Citigroup

Leonardo (OTCMKTS:FINMY) was upgraded by stock analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Barclays raised Leonardo from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Deutsche Bank Aktiengesellschaft cut shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Leonardo in a research report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Leonardo Price Performance

Shares of FINMY opened at $36.26 on Tuesday. Leonardo has a 1-year low of $20.97 and a 1-year high of $37.51. The firm has a 50 day simple moving average of $33.98 and a 200-day simple moving average of $31.30.

Leonardo Company Profile

Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.

The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.