Rolls-Royce Holding PLC (OTCMKTS:RYCEY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Rolls-Royce Holding PLC (OTCMKTS:RYCEY) from a sell rating to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

According to Zacks, “ROLLS ROYCE, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets – civil aerospace, defence aerospace, marine and energy. It continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry. “

A number of other research analysts also recently weighed in on RYCEY. Morgan Stanley downgraded Rolls-Royce Holding PLC from an overweight rating to an equal rating in a report on Wednesday, November 27th. Societe Generale downgraded Rolls-Royce Holding PLC from a buy rating to a hold rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Buy.

Shares of RYCEY stock traded down $0.10 during midday trading on Friday, reaching $9.15. 485,097 shares of the stock were exchanged, compared to its average volume of 378,856. Rolls-Royce Holding PLC has a 1 year low of $8.83 and a 1 year high of $13.11. The company’s 50 day moving average is $9.45 and its two-hundred day moving average is $10.04. The firm has a market cap of $17.48 billion, a PE ratio of 43.57 and a beta of 1.01.

An institutional investor recently raised its position in Rolls-Royce Holding PLC stock. Parametric Portfolio Associates LLC increased its stake in Rolls-Royce Holding PLC (OTCMKTS:RYCEY) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,316,891 shares of the aerospace company’s stock after buying an additional 123,932 shares during the period. Parametric Portfolio Associates LLC owned 0.12% of Rolls-Royce Holding PLC worth $24,976,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.14% of the company’s stock.

Rolls-Royce Holding PLC Company Profile

Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

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