Analyst Rating Update on Tenaris S.A. (TS)

Tenaris S.A. (NYSE:TS) has an average broker rating of 3.14, which is interpreted as a Hold, as rated by 7 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Tenaris S.A. (NYSE:TS) stock is expected to deviate a maximum of $5.4 from the average target price of $26 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $34 and the most muted being $21.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Citigroup upgrades its ratings on Tenaris S.A. (NYSE:TS). In the latest research report, Citigroup raises the target price from $19 per share to $28 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on April 20, 2016.

Tenaris S.A. (NYSE:TS): stock turned positive on Tuesday. Though the stock opened at $27.56, the bulls momentum made the stock top out at $27.56 level for the day. The stock recorded a low of $26.85 and closed the trading day at $27.31, in the green by 2.94%. The total traded volume for the day was 2,659,666. The stock had closed at $26.53 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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