JPMorgan Chase & Co. Reaffirms “Buy” Rating for Alstom (OTCMKTS:ALSMY)


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Alstom (OTCMKTS:ALSMY)‘s stock had its “buy” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a report issued on Tuesday, Borsen Zeitung reports.

A number of other equities analysts have also recently commented on the company. Exane BNP Paribas upgraded Alstom from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 1st. BNP Paribas upgraded Alstom from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 1st. Credit Suisse Group raised Alstom from a “neutral” rating to an “outperform” rating in a research report on Friday, December 11th. Kepler Capital Markets lowered Alstom from a “buy” rating to a “hold” rating in a research report on Friday, January 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Alstom in a research report on Tuesday, December 8th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $4.50.

Shares of OTCMKTS ALSMY traded down $0.06 during trading on Tuesday, hitting $4.84. The company had a trading volume of 203,793 shares, compared to its average volume of 97,391. The stock has a 50 day simple moving average of $5.44 and a 200 day simple moving average of $5.33. Alstom has a 12 month low of $3.18 and a 12 month high of $6.70.

About Alstom

Alstom SA develops and markets systems, equipment, and services for the transport sector in Europe, the Americas, Asia and Pacific, the Middle-East, and Africa. The company offers metros, tramways, tram-trains and LRVs, suburban trains, regional and intercity trains, high-speed trains, and locomotives, and electric buses; and signaling products, such as urban, mainline, and freight and mining signaling.

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Analyst Recommendations for Alstom (OTCMKTS:ALSMY)

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