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Goldman Sachs downgraded Subsea 7 SA (PK:SUBCY) from Neutral to Sell in a report released today.

Yesterday Subsea 7 SA (PK:SUBCY) traded 5.38% higher at $17.07. The company’s 50-day moving average is $15.28 and its 200-day moving average is $14.92. The last stock close price is up 14.31% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 8,108 shares of the stock were exchanged, down from an average trading volume of 15,962

Goldman Sachs has downgraded Subsea 7 SA (PK:SUBCY) from Neutral to Sell in a report released on Wednesday October 11, 2017.

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Subsea 7 SA (PK:SUBCY)

Subsea 7 SA has a 52 week low of $10.63 and a 52 week high of $17.43 with a P/E ratio of 13.21 The company’s market cap is currently $0.

Also covering Subsea 7 SA's price target, a total of 1 analyst has released a research note on Subsea 7 SA. The 12-month price target is $5.60 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Subsea 7 SA (PK:SUBCY)

Subsea 7 S.A. is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. The Company's segments include SURF and Conventional, i-Tech Services and Corporate. The SURF and Conventional segment includes Subsea Umbilicals, Risers and Flowlines (SURF) activities related to the engineering, procurement, construction (EPC) and installation of systems offshore, including the long-term Pipelay Support Vessel (PLSV) contracts in Brazil, and conventional services, including the fabrication, installation, extension and refurbishment of fixed and floating platforms and associated pipelines in shallow water environments. The i-Tech Services segment includes activities associated with the provision of Inspection, Maintenance and Repair (IMR) services, integrity management of subsea infrastructure and remote intervention support. The Corporate segment includes activities associated with the provision of renewables and heavy lifting services.

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