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Simmons upgraded Tenaris SA (ADR) (NYSE:TS) to Overweight in a report released today.

Yesterday Tenaris SA (ADR) (NYSE:TS) traded 0.28% higher at $29.12. The company’s 50-day moving average is $27.54 and its 200-day moving average is $27.23. The last closing price is up 6.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,106,954 shares of the stock were exchanged, up from an average trading volume of 2,400,310

Simmons has upgraded Tenaris SA (ADR) (NYSE:TS) to Overweight in a report released on Tuesday October 18, 2016.

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Tenaris SA (ADR) (NYSE:TS)

Tenaris SA (ADR) has a 52 week low of $18.53 and a 52 week high of $29.89 The company’s market cap is currently $0.

In addition to Simmons reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $27.64 with 2 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 6 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Tenaris SA (ADR) (NYSE:TS)

Tenaris S.A. is a holding company, which is a supplier of steel pipe products and related services for energy industry and other industrial applications. The Company operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods used in drilling operations, and for other industrial applications with production processes. It operates in geographical areas, which include North America, South America, Europe, Middle East and Africa. Its principal finished products are seamless and welded steel casing and tubing, line pipe, and various other mechanical and structural steel pipes for various uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, and welded steel pipes for electric conduits used in the construction industry.

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