Leonardo (OTCMKTS:FINMY) Raised to Strong-Buy at Citigroup

Leonardo (OTCMKTS:FINMY) was upgraded by equities research analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Jefferies Financial Group restated a “buy” rating on shares of Leonardo in a research report on Friday, January 30th. Barclays raised Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy”.

Leonardo Stock Performance

Shares of FINMY opened at $36.26 on Tuesday. The stock’s 50-day moving average price is $33.98 and its 200 day moving average price is $31.30. Leonardo has a 12-month low of $20.97 and a 12-month high of $37.51.

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.