Tenaris S.A. – Consensus Indicates Potential 6.5% Upside

Broker Ratings

Tenaris S.A. with ticker code (TS) now have 14 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 29 and 18.5 calculating the average target price we see 25.54. Given that the stocks previous close was at 23.99 this would imply there is a potential upside of 6.5%. The day 50 moving average is 22 and the 200 moving average now moves to 21.59. The company has a market capitalisation of $14,586m. Company Website: http://www.tenaris.com

Tenaris S.A., through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories. It also provides sucker rods, industrial equipment, heat exchangers, and utility conduits for buildings, as well as sells energy and raw materials. Additionally, it offers financial services. The company operates in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. is a subsidiary of Techint Holdings S.à r.l.

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