Fiat Chrysler Automobiles NV (FCAU) is Downgraded by Citigroup to Sell

Fiat Chrysler Automobiles NV (FCAU) was Downgraded by Citigroup to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Jun 16, 2016.

Many Wall Street Analysts have commented on Fiat Chrysler Automobiles NV. Fiat Chrysler Automobiles NV was Downgraded by Exane BNP Paribas to ” Underperform” on May 16, 2016. Fiat Chrysler Automobiles NV was Downgraded by BofA/Merrill to ” Underperform” on Apr 29, 2016.

On the company’s financial health, Fiat Chrysler Automobiles NV reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.24. The company had revenue of $26570.00 million for the quarter, compared to analysts expectations of $27719.06 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Fiat Chrysler Automobiles NV closed down -0.03 points or -0.46% at $6.56 with 59,16,977 shares getting traded on Wednesday. Post opening the session at $6.49, the shares hit an intraday low of $6.47 and an intraday high of $6.655 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Fiat Chrysler Automobiles NV

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Fiat Chrysler Automobiles NV - Is it time to Sell?

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