Air Liquide (OTCMKTS:AIQUY) Stock Rating Upgraded by Zacks Research

Air Liquide (OTCMKTS:AIQUY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Citigroup restated a “buy” rating on shares of Air Liquide in a research note on Wednesday. Morgan Stanley upgraded shares of Air Liquide from an “underweight” rating to an “overweight” rating in a research note on Monday, July 20th. Finally, Kepler Capital Markets upgraded shares of Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Air Liquide Stock Performance

Shares of Air Liquide stock opened at $39.60 on Wednesday. Air Liquide has a 12-month low of $32.88 and a 12-month high of $41.24. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $40.07 and a two-hundred day moving average price of $40.28.

Institutional Investors Weigh In On Air Liquide

A hedge fund recently raised its position in Air Liquide stock. Madison Asset Management LLC lifted its stake in Air Liquide (OTCMKTS:AIQUY) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,573 shares of the basic materials company’s stock after acquiring an additional 2,061 shares during the period. Madison Asset Management LLC’s holdings in Air Liquide were worth $1,352,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.03% of the company’s stock.

About Air Liquide

Air Liquide is a Paris‑headquartered multinational that develops, manufactures and supplies industrial and medical gases, related equipment and services. Founded in 1902, the company has grown into a major global supplier of gases such as oxygen, nitrogen, argon, hydrogen and a wide range of specialty gases used across industrial, healthcare and research applications.

Its core activities include on‑site gas production, bulk and packaged gas distribution (cylinders and cryogenic deliveries), installation and maintenance of gas handling and storage equipment, and engineering for large industrial gas projects.