Ferrovial (NASDAQ:FER) Stock Rating Upgraded by Royal Bank of Canada

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

Ferrovial Price Performance

Shares of 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 firm has a 50 day simple moving average of $41.27.

Institutional Investors Weigh In On Ferrovial

Several institutional investors have recently modified their holdings of the company. Susquehanna International Securities Ltd. acquired a new position in Ferrovial in the second quarter valued at $228,000. Allspring Global Investments Holdings LLC acquired a new position in Ferrovial in the third quarter valued at $296,000. Oppenheimer Asset Management Inc. acquired a new position in Ferrovial in the second quarter valued at $307,000. Hancock Whitney Corp acquired a new position in Ferrovial in the second quarter valued at $352,000. Finally, Acadian Asset Management LLC acquired a new position in Ferrovial in the second quarter valued at $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.