Subsea 7 SA (SUBCY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Subsea 7 SA (OTCMKTS:SUBCY) have been assigned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded Subsea 7 from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a report on Saturday, August 18th. Jefferies Financial Group upgraded Subsea 7 from a “hold” rating to a “buy” rating in a research report on Thursday, August 16th. Citigroup upgraded Subsea 7 from a “neutral” rating to a “buy” rating in a research report on Thursday, November 15th. Finally, Morgan Stanley upgraded Subsea 7 from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 5th.

Shares of OTCMKTS SUBCY traded up $0.39 during trading on Thursday, reaching $11.05. The stock had a trading volume of 23,100 shares, compared to its average volume of 30,263. Subsea 7 has a one year low of $10.57 and a one year high of $17.25. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 8.70 and a beta of 1.59.

Subsea 7 Company Profile

Subsea 7 SA operates as a seabed-to-surface engineering, construction, and services contractor to the offshore energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.

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