Rolls-Royce Holding PLC (OTCMKTS:RYCEY) Upgraded to Hold at 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 report published on Wednesday 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. “

Separately, ValuEngine raised shares of Rolls-Royce Holding PLC from a hold rating to a buy rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Rolls-Royce Holding PLC has a consensus rating of Buy and an average price target of $13.00.



Shares of RYCEY traded down $0.06 during trading hours on Wednesday, reaching $10.27. 222,820 shares of the company traded hands, compared to its average volume of 305,206. The stock’s fifty day moving average is $9.77 and its 200 day moving average is $11.21. The stock has a market cap of $19.73 billion, a P/E ratio of 48.90, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. Rolls-Royce Holding PLC has a 1-year low of $9.00 and a 1-year high of $13.33.

Institutional investors and hedge funds have recently made changes to their positions in the company. Park National Corp OH acquired a new position in shares of Rolls-Royce Holding PLC during the second quarter valued at about $127,000. Parametric Portfolio Associates LLC raised its position in shares of Rolls-Royce Holding PLC by 8.3% during the first quarter. Parametric Portfolio Associates LLC now owns 2,192,959 shares of the aerospace company’s stock valued at $25,943,000 after buying an additional 168,361 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. acquired a new position in shares of Rolls-Royce Holding PLC during the second quarter valued at about $108,000. 0.14% of the stock is owned by institutional investors and hedge funds.

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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