Repsol (REPYY) Cut to “Hold” at Zacks Investment Research
Repsol (OTCMKTS:REPYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Repsol SA explores for, develops and produces crude oil products and natural gas, transports petroleum products and liquified petroleum gas and refines petroleum. In addition, the Company produces a variety of petrochemicals and markets petroleum products, petroleum derivatives, LPG and natural gas. “
Other research analysts have also recently issued reports about the stock. Deutsche Bank raised shares of Repsol from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Raymond James Financial raised shares of Repsol from a “market perform” rating to an “outperform” rating in a report on Friday, September 22nd. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $20.50.
Repsol, SA (Repsol) is an integrated energy company. The Company’s segments include Upstream, Downstream, and Corporation and others. The Upstream segment carries out oil and natural gas exploration and production activities, and manages its project portfolio. The Downstream segment includes covers the supply and trading of crude oil and other products; oil refining and marketing of oil products, and the production and marketing of chemicals.
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