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Transocean (NYSE:RIG) has been upgraded from Underperform to Neutral in a statement by Credit Suisse earlier today.

Credit Suisse has upgraded Transocean (NYSE:RIG) from Underperform to Neutral in a statement released on Friday September 23, 2016.

Having a price of $9.65, Transocean (NYSE:RIG) traded -0.36% lower on the day. With the last stock price down -7.85% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RIG has recorded a 50-day average of $9.98 and a two hundred day average of $10.43. Trade Volume was down over the average, with 5,279,891 shares of RIG changing hands under the typical 15,070,000

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Transocean (NYSE:RIG)

Transocean has PE ratio of 2.80 with a one year low of $7.67 and a one year high of $17.19 and has a market capitalization of $0.

A total of 29 brokerages have released a report on RIG. One equity analyst rating the company a strong buy, one equity analyst rating the company a buy, thirteen analysts rating the company a hold, sixteen analysts rating the company a underperform, and finally six analysts rating the company a sell with a one year target of $8.58.

More About Transocean (NYSE:RIG)

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Its mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Company owns or has partial ownership interests in and operates over 60 mobile offshore drilling , including approximately 30 ultra‑deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups.

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