Tenaris S.A. (BIT: TEN)‘s stock had its “reduce” rating restated by AlphaValue in a research note issued on Thursday, AnalystRatings.Net reports. They currently have a €15.80 ($20.52) price objective on the stock.
Shares of Tenaris S.A. (BIT: TEN) traded down 0.06% during mid-day trading on Thursday, hitting €15.4500. Tenaris S.A. has a one year low of €12.4700 and a one year high of €17.0800. The stock’s 50-day moving average is currently €16.30. The company has a market cap of €18.239 billion and a P/E ratio of 10.83.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Tenaris S.A. in a research note to investors on Tuesday, May 28th. They now have a €17.00 ($22.08) price target on the stock. Separately, analysts at Mediobanca SpA reiterated an “underperform” rating on shares of Tenaris S.A. in a research note to investors on Friday, May 3rd. They now have a €13.60 ($17.66) price target on the stock. Finally, analysts at Banca Akros reiterated a “hold” rating on shares of Tenaris S.A. in a research note to investors on Tuesday, April 30th. They now have a €16.50 ($21.43) price target on the stock.
Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of €15.66 ($20.34).
Tenaris SA is a Luxembourg-based holding company engaged in the steel pipe manufacturing and distributing businesses.
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