Analyst Rating Update on Tenaris S.A. (TS)

Tenaris S.A. (TS) has an average broker rating of 3.14, which is interpreted as a Hold, as rated by 7 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Tenaris S.A. (TS) : 6 Wall Street analysts covering Tenaris S.A. (TS) believe that the average level the stock could reach for the short term is $26.5. The maximum price target given is $34 and the minimum target for short term is around $21, hence the standard deviation is calculated at $5.09.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Goldman Sachs downgrades its rating on Tenaris S.A. (NYSE:TS). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 20, 2016.


Tenaris S.A. (NYSE:TS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.61 and $25.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.22, notching a gain of 1.59% for the day. The total traded volume was 3,074,052 . The stock had closed at $25.81 on the previous day.

Tenaris S.A is a holding company, which is engaged in the steel pipe manufacturing and distribution businesses. The Company produces and sells both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. It operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, including liquid and gas storage equipment, and welded steel pipes for electric conduits used in the construction industry.

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