Pirelli & C. S.p.A. (OTCMKTS:PLLIF) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company.
Several research firms recently commented on PLLIF. The Goldman Sachs Group downgraded Pirelli & C. from a “neutral” rating to a “sell” rating in a research note on Wednesday, June 23rd. JPMorgan Chase & Co. upgraded Pirelli & C. from an “underweight” rating to a “neutral” rating in a research note on Monday, August 9th. HSBC upgraded Pirelli & C. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 7th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Pirelli & C. in a research note on Tuesday, September 14th.
Shares of OTCMKTS PLLIF opened at $6.00 on Monday. Pirelli & C. has a twelve month low of $6.00 and a twelve month high of $6.42. The stock’s 50 day moving average price is $6.02 and its 200-day moving average price is $5.76.
Pirelli & C. S.p.A. manufactures and supplies tires for cars, motorcycles, and bicycles worldwide. The company provides premium, specialty, super specialty, and prestige tires. It offers car tires under the P Zero, Cinturato, Winter, Scorpion, and Ice Zero names; motorcycle tires under the Pirelli and Metzeler names; and road racing bikes under the P ZERO Velo and CINTURATO Velo name, as well as mountain bikes under the SCORPIONTM MTB and the Urban CYCL-e line brands.
Further Reading: Dual Listing
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