Thales (OTCMKTS:THLLY) Stock Rating Cut to “Hold” at Rothschild & Co Redburn

Rothschild & Co Redburn downgraded shares of Thales (OTCMKTS:THLLY) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks reports.

Several other brokerages have also recently issued reports on THLLY. Citigroup reissued a “buy” rating on shares of Thales in a research report on Tuesday, July 7th. Royal Bank Of Canada initiated coverage on shares of Thales in a research note on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Thales currently has a consensus rating of “Moderate Buy”.

Thales Stock Performance

Shares of Thales stock opened at $49.92 on Wednesday. The business has a 50-day moving average of $52.38 and a 200 day moving average of $55.71. Thales has a 12 month low of $48.12 and a 12 month high of $64.14.

About Thales

Thales is a France-based technology and defense company that develops systems and services for the aerospace, defense, transportation, digital identity and cybersecurity markets. The company serves governments, military organizations, businesses and infrastructure operators, with activities spanning secure communications, intelligence, surveillance, avionics and mission systems.

Its aerospace and space businesses provide aircraft equipment, flight management and cockpit systems, in-flight entertainment, air traffic management solutions and satellite-related technologies.