Morgan Stanley cut shares of Cobham (OTCMKTS:CBHMF) from an overweight rating to an equal weight rating in a research report released on Wednesday morning, The Fly reports.
Other research analysts have also issued reports about the stock. Stifel Nicolaus began coverage on shares of Cobham in a research note on Monday, April 15th. They issued a hold rating on the stock. Berenberg Bank lowered shares of Cobham from a buy rating to a hold rating in a research note on Monday, July 29th. Barclays raised shares of Cobham from an equal weight rating to an overweight rating in a research note on Thursday, July 11th. Finally, UBS Group lowered shares of Cobham from a buy rating to a neutral rating in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Cobham has a consensus rating of Hold.
Cobham stock opened at $2.03 on Wednesday. Cobham has a 1-year low of $1.22 and a 1-year high of $2.17. The firm has a fifty day simple moving average of $1.52.
Cobham plc provides a range of technologies and services to commercial, defense, aerospace, space, and security markets in the United Kingdom, the United States, other European countries, Australia, Asia, and internationally. The company operates in four segments: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions, and Aviation Services.
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