Thales (OTCMKTS:THLLY) Stock Rating Lowered by Rothschild & Co Redburn

Thales (OTCMKTS:THLLY) was downgraded by research analysts at Rothschild & Co Redburn from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.

A number of other equities research analysts have also weighed in on THLLY. Royal Bank Of Canada assumed coverage on Thales in a research report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Citigroup reissued a “buy” rating on shares of Thales in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Thales Trading Down 2.4%

Shares of OTCMKTS THLLY opened at $49.92 on Wednesday. Thales has a 52-week low of $48.12 and a 52-week high of $64.14. The stock has a 50 day moving average price of $52.38 and a 200 day moving average price of $55.71.

About Thales

Thales is a France-based technology and defense company that develops systems and services for the aerospace, defense, transportation, digital identity and cybersecurity markets. The company serves governments, military organizations, businesses and infrastructure operators, with activities spanning secure communications, intelligence, surveillance, avionics and mission systems.

Its aerospace and space businesses provide aircraft equipment, flight management and cockpit systems, in-flight entertainment, air traffic management solutions and satellite-related technologies.