Alstom (OTCMKTS:ALSMY) Sets New 52-Week High – Here’s Why

Shares of Alstom ADR (OTCMKTS:ALSMY) hit a new 52-week high during trading on Friday . The company traded as high as $2.97 and last traded at $2.96, with a volume of 37934 shares changing hands. The stock had previously closed at $2.91.

Analyst Ratings Changes

ALSMY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alstom in a research report on Friday, November 14th. Barclays reissued an “underweight” rating on shares of Alstom in a report on Wednesday, December 3rd. Finally, Citigroup raised Alstom from a “neutral” rating to a “buy” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Alstom Stock Up 1.5%

The stock has a fifty day moving average of $2.65 and a 200 day moving average of $2.48.

About Alstom

Alstom is a global leader in the transportation sector, specializing in the design, manufacture and delivery of rail infrastructure, rolling stock and signaling systems. The company’s portfolio includes high-speed trains, regional and commuter trains, metros, trams and e-buses, as well as digital mobility solutions for railway networks. In addition to new equipment, Alstom offers a comprehensive suite of services ranging from maintenance and modernization to spare parts management and on-site support.

Founded in France with roots tracing back to the early 20th century, Alstom has evolved through a series of mergers and acquisitions to become one of the world’s largest rail transport equipment suppliers.