Zacks Investment Research Upgrades Alstom ADR (ALSMY) to Buy

Alstom ADR (OTCMKTS:ALSMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $4.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 14.29% from the stock’s current price.

According to Zacks, “Alstom SA develops and markets systems, equipment and services for the railway sector. Its product includes bogies, traction systems, electrification, track laying and urban integrated solution. It also offers services such as parts and repairs, maintenance, customisation, modernisation and support services. Alstom SA is headquartered in France. “

Shares of Alstom ADR (OTCMKTS:ALSMY) opened at 3.50 on Wednesday. The company’s 50-day moving average is $3.52 and its 200-day moving average is $3.19. The company has a market capitalization of $7.69 billion and a PE ratio of 22.97. Alstom ADR has a one year low of $2.50 and a one year high of $3.61.

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Alstom ADR Company Profile

Alstom SA, through with its subsidiaries, designs, develops, and markets various rail transport products and systems in Europe, the Americas, Asia and Pacific, the Middle-East, and Africa. It offers trains, such as metros, tramways, tram-trains, suburban trains, regional trains, high-speed trains, and passengers and freight locomotives; and signaling products, including rail control systems, security and control, trackside, and interlocking products.