Is Air Liquide (OTCMKTS:AIQUY) Now a Sell? Why did Credit Suisse Downgrade The Stock?


Air Liquide (OTCMKTS:AIQUY) Receives a Downgrade

In an analyst note disseminated today, Credit Suisse cut shares of Air Liquide (OTCMKTS:AIQUY) to a “Underperform” rating from the previous “Neutral” rating.

Approximately 5,140 shares of stock traded hands. Air Liquide SA (ADR) (OTCMKTS:AIQUY) has declined 9.97% since April 29, 2015 and is downtrending. It has underperformed by 9.77% the S&P500.

Is Air Liquide (OTCMKTS:AIQUY) Now a Sell? Why did Credit Suisse Downgrade The Stock?

AIR LIQUIDE, S.A. is a provider of gases, technologies and services to a range of industries, such as steel industry, food and beverage, electronics or pharmaceuticals. The company has a market cap of $40.07 billion. The Firm classifies its activities as Gas and Services, Engineering and Technology, and Other Activities. It currently has negative earnings. The Company’s Gas and Services activities supplies a range of gases, application equipment and associated services to technology, research, materials, energy, automotive, manufacturing, food, pharmaceuticals, craftsmen, and network industries.

According to Zacks Investment Research, “Air Liquide’s core business is to supply oxygen, nitrogen, hydrogen and many other gases and services to most industries (for example: steel, oil refining, chemicals, glass, electronics, healthcare, food processing, metallurgy, paper and aerospace). Their global presence (130 subsidiaries in more than 65 countries) allows them to combine the resources and expertise of a global enterprise with a powerful local presence based on independent customer-focused teams.” Get a free copy of the Zacks research report on Air Liquide SA (ADR) (AIQUY).