Carillion (CIOIF) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Carillion (NASDAQ:CIOIF) from a sell rating to a hold rating in a research report released on Friday morning.

According to Zacks, “Carillion plc provides an integrated support services company. The company’s service consists of support services, project finance and construction services. Support services provides maintenance, facilities management, energy and infrastructure services for roads, railways and utility networks, notably telecommunications and power transmission and distribution, and remote site accommodation services. Project finance arranges the funding for Public Private Partnership projects. It operates primarily in the United Kingdom, the Middle East and North Africa, Canada and the rest of the world. Carillion plc is headquartered in Wolverhampton, the United Kingdom. “

Carillion (NASDAQ:CIOIF) remained flat at $2.70 during trading on Friday. The firm has a 50 day moving average of $3.31 and a 200 day moving average of $3.70. The firm has a market cap of $1.16 billion and a price-to-earnings ratio of 8.33. Carillion has a one year low of $2.70 and a one year high of $4.20.

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