Raymond James upgraded shares of BAE Systems (OTCMKTS:BAESF) to a hold rating in a research note released on Friday.

Shares of OTCMKTS BAESF traded down $0.12 during mid-day trading on Friday, reaching $6.94. 3,988 shares of the company’s stock were exchanged, compared to its average volume of 8,331. BAE Systems has a twelve month low of $6.50 and a twelve month high of $8.98.

A hedge fund recently raised its stake in BAE Systems stock. Fis Group Inc. boosted its position in BAE Systems plc (OTCMKTS:BAESF) by 82.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 245,125 shares of the company’s stock after buying an additional 110,679 shares during the quarter. Fis Group Inc.’s holdings in BAE Systems were worth $2,012,000 as of its most recent filing with the SEC.

About BAE Systems

BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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