Zacks Investment Research downgraded Tenaris SA (ADR) (NYSE:TS) to Sell in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded Tenaris SA (ADR) (NYSE:TS) to Sell in a report released on 10/12/2016.
Yesterday Tenaris SA (ADR) (NYSE:TS) traded 0.99% higher at $28.71. The company’s 50-day moving average is $27.45 and its 200-day moving average is $27.06. The last stock close price is up 7.14% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,229,503 shares of the stock were exchanged, down from an average trading volume of 2,351,190
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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 Zacks Investment Research reporting its target price, a total of 14 firms have issued a report on the stock. The consensus target price is $27.64 with 2 firms rating the stock a strong buy, 3 firms rating the stock a buy, 6 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 firm 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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