Royal Bank of Canada Upgrades Ferrovial (NASDAQ:FER) to Hold

Ferrovial (NASDAQ:FER) was upgraded by equities researchers at Royal Bank of Canada to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Ferrovial Trading Up 1.2 %

FER stock opened at $38.58 on Tuesday. Ferrovial has a 52 week low of $32.82 and a 52 week high of $48.29. The business’s 50-day moving average is $41.27.

Institutional Trading of Ferrovial

Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Securities Ltd. purchased a new stake in Ferrovial during the second quarter worth about $228,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ferrovial in the third quarter valued at about $296,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Ferrovial in the second quarter valued at about $307,000. Hancock Whitney Corp purchased a new stake in shares of Ferrovial in the second quarter valued at about $352,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Ferrovial in the second quarter valued at about $370,000.

Ferrovial Company Profile

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.