Thales (OTCMKTS:THLLY) Cut to “Hold” at Rothschild & Co Redburn

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

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada began coverage on shares of Thales in a report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Citigroup reissued a “buy” rating on shares of Thales in a research note on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Thales presently has a consensus rating of “Moderate Buy”.

Thales Price Performance

Shares of THLLY opened at $49.92 on Wednesday. Thales has a twelve month low of $48.12 and a twelve month high of $64.14. The company’s fifty day simple moving average is $52.38 and its 200-day simple moving average is $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.