Atlas Arteria (OTCMKTS:MAQAF) Stock Falls 10.5% – What’s Next?

Atlas Arteria Limited (OTCMKTS:MAQAF) shares were down 10.5% on Tuesday. The stock traded as low as $2.64 and last traded at $2.64. Approximately 360 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 1,203 shares. The stock had previously closed at $2.95.

Analysts Set New Price Targets

MAQAF has been the topic of several research reports. Royal Bank Of Canada downgraded shares of Atlas Arteria to an “underperform” rating and set a $4.75 price target on the stock. in a research note on Thursday, July 2nd. Jefferies Financial Group upgraded Atlas Arteria to a “buy” rating and set a $5.31 target price for the company in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Atlas Arteria presently has an average rating of “Hold” and a consensus target price of $5.03.

Atlas Arteria Trading Down 10.5%

The company has a fifty day simple moving average of $3.28 and a 200 day simple moving average of $3.35.

About Atlas Arteria

Atlas Arteria Group is an owner and manager of transportation infrastructure assets, with a focus on toll roads and related concessions. The company invests in, develops and operates long-term road infrastructure under public-private partnership and concession arrangements, generating revenue from toll collections and other transportation-related activities.

Atlas Arteria’s portfolio includes interests in the APRR and AREA motorway networks in France, which together form one of the country’s major tolled motorway systems.