Tenaris S.A. Given “Neutral” Rating at BNP Paribas (TEN)

Tenaris S.A. (BIT: TEN)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a report released on Tuesday, Stock Ratings Network reports. They currently have a €17.00 ($22.08) price target on the stock.

Shares of Tenaris S.A. (BIT: TEN) traded down 0.78% during mid-day trading on Tuesday, hitting €16.5700. Tenaris S.A. has a 52 week low of €12.0000 and a 52 week high of €17.0800. The stock’s 50-day moving average is currently €16.30. The company has a market cap of €19.561 billion and a P/E ratio of 11.70.

TEN has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Banca IMI reiterated a “hold” rating on shares of Tenaris S.A. in a research note to investors on Thursday, April 11th. They now have a €15.30 ($19.87) price target on the stock.

Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Tenaris S.A. has a consensus rating of “Hold” and a consensus target price of €15.76 ($20.46).

Tenaris SA is a Luxembourg-based holding company engaged in the steel pipe manufacturing and distributing businesses.

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