Zacks Rating on Tenaris S.A. (TS)

Tenaris S.A. (TS) : The consensus on Tenaris S.A. (TS) based on 6 analyst recommendation on the company stock is 2.83, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Tenaris S.A. (TS).

Tenaris S.A. (TS) : 6 investment research analysts covering Tenaris S.A. (TS) have an average price target of $26.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $34 and the lowest target is $21 for the short term. Analysts expect the variance to be within $5.09 of the average price.


Tenaris S.A. has dropped 0.89% in the last five trading days, however, the shares have posted positive gains of 8.55% in the last 4 weeks. Tenaris S.A. is up 12.06% in the last 3-month period. Year-to-Date the stock performance stands at 23.86%. Tenaris S.A. (NYSE:TS): stock turned positive on Tuesday. Though the stock opened at $28.87, the bulls momentum made the stock top out at $29.025 level for the day. The stock recorded a low of $28.69 and closed the trading day at $28.81, in the green by 0.70%. The total traded volume for the day was 2,418,010. The stock had closed at $28.61 in the previous days trading.

Tenaris S.A is a holding company, which is engaged in the steel pipe manufacturing and distribution businesses. The Company produces and sells both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. It operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, including liquid and gas storage equipment, and welded steel pipes for electric conduits used in the construction industry.

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