Ferrovial (NASDAQ:FER) Upgraded by BNP Paribas to “Hold” Rating

Ferrovial (NASDAQ:FER) was upgraded by BNP Paribas from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other analysts also recently commented on the stock. BNP Paribas Exane upgraded shares of Ferrovial from an “underperform” rating to a “neutral” rating in a research note on Tuesday. Wall Street Zen lowered shares of Ferrovial from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Ferrovial Price Performance

Shares of FER stock opened at $52.25 on Tuesday. Ferrovial has a one year low of $37.93 and a one year high of $56.43. The company’s 50-day moving average is $50.19 and its 200 day moving average is $45.71.

Institutional Trading of Ferrovial

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new stake in shares of Ferrovial in the fourth quarter worth approximately $25,000. Banque Cantonale Vaudoise bought a new stake in shares of Ferrovial in the first quarter worth approximately $150,000. Tower Research Capital LLC TRC bought a new stake in shares of Ferrovial in the fourth quarter worth approximately $158,000. Clearbridge Investments LLC purchased a new position in shares of Ferrovial in the fourth quarter worth approximately $204,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ferrovial by 24.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,440 shares of the company’s stock worth $225,000 after buying an additional 1,073 shares during the last quarter. 22.28% of the stock is currently owned by institutional investors.

About Ferrovial

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.