Citigroup Downgrades Acciona (OTCMKTS:ACXIF) to Sell

Citigroup downgraded shares of Acciona (OTCMKTS:ACXIFGet Rating) from a neutral rating to a sell rating in a research report sent to investors on Monday, The Fly reports.

ACXIF has been the subject of several other reports. Barclays raised their price objective on shares of Acciona from €175.00 ($178.57) to €201.00 ($205.10) in a report on Monday, August 29th. JPMorgan Chase & Co. raised their price target on shares of Acciona from €38.00 ($38.78) to €44.00 ($44.90) and gave the company an overweight rating in a research report on Wednesday, August 24th. Royal Bank of Canada lifted their target price on shares of Acciona from €185.00 ($188.78) to €190.00 ($193.88) and gave the stock a sector perform rating in a research report on Wednesday, September 28th. Finally, Grupo Santander cut shares of Acciona from an outperform rating to a neutral rating in a research note on Tuesday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $118.25.

Acciona Stock Performance

Acciona stock opened at $180.00 on Monday. The firm has a 50-day moving average of $176.78 and a 200-day moving average of $187.54. Acciona has a 1-year low of $154.24 and a 1-year high of $216.65.

About Acciona

(Get Rating)

Acciona, SA, together with its subsidiaries, engages in the energy, infrastructure, and other businesses in Spain and internationally. The company develops, constructs, operates, and maintains wind, solar photovoltaic, solar thermal, hydro, and biomass plants. It also engages in designing, construction, maintenance, and management of infrastructure projects, including bridges, highways, motorways, roads, tunnels, railway, and metros and trams, as well as ports and water channels, airports, freight forwarding, data centers, substations, and transmission lines.

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