Subsea 7 SA (ADR) (NASDAQ:SUBCY) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 1, 2016
Boasting a price of $10.48, Subsea 7 SA (ADR) (NASDAQ:SUBCY) traded 2.86% higher on the day. With the last stock price close up 13.94% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Subsea 7 SA (ADR) has recorded a 50-day average of $10.69 and a two hundred day average of $9.48. Volume of trade was up over the average, with 30,957 shares of SUBCY changing hands over the typical 27,028
Zacks Investment Research has downgraded Subsea 7 SA (ADR) (NASDAQ:SUBCY) to Hold in a statement released on Thursday September 29, 2016.
Subsea 7 SA (ADR) has PE ratio of 196.36 with a one year low of $4.86 and a one year high of $11.60 and has a market capitalization of $0.
A total of 1 brokerage has released a report on Subsea 7 SA (ADR). zero brokerages rating the company a strong buy, zero brokerages rating the company 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 with a consensus target price of $5.60.
General Information About Subsea 7 SA (ADR) (NASDAQ:SUBCY)
Subsea 7 S.A. is a provider of seabed-to-surface engineering, construction and offshore installation services to the energy industry. The Company's operating segments include Northern Hemisphere and Life of Field, Southern Hemisphere and Global Projects, and Corporate. The Company provides products and services for subsea field development, including project management, design and engineering, procurement, fabrication, survey, installation and commissioning of production facilities on the seabed and the tie-back of these facilities to fixed or floating platforms or to the shore. The Company also offers products and capabilities to deliver Life of Field services to its clients. Through its i-Tech division, the Company provides remotely operated vehicles (ROVs) and tooling services to support exploration and production activities. The Company's subsidiaries include Acergy (Gibraltar) Limited, Acergy Concrete Products LLC, Class 3 (UK) Limited and Class 3 Shipping Limited.
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