DZ Bank Upgrades Leonardo (OTCMKTS:FINMY) to “Strong-Buy”

Leonardo (OTCMKTS:FINMY) was upgraded by analysts at DZ Bank to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on FINMY. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Citigroup upgraded shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Barclays reaffirmed an “overweight” rating on shares of Leonardo in a research note on Friday, July 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Leonardo in a research report on Monday, June 1st. Finally, Zacks Research raised shares of Leonardo to a “hold” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Leonardo Stock Up 0.6%

OTCMKTS:FINMY opened at $29.09 on Tuesday. Leonardo has a 12 month low of $25.59 and a 12 month high of $37.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97. The company’s 50-day moving average price is $29.44 and its two-hundred day moving average price is $32.06.

Leonardo Company Profile

Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.

The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.