Zacks Investment Research upgraded shares of Stora Enso OYJ (NASDAQ:SEOAY) from a sell rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Shares of Stora Enso OYJ (NASDAQ:SEOAY) opened at 8.925 on Wednesday. Stora Enso OYJ has a 52 week low of $7.40 and a 52 week high of $10.12. The firm’s 50-day moving average price is $8.94 and its 200 day moving average price is $8.62. The company has a market cap of $7.04 billion and a price-to-earnings ratio of 7.955.

About Stora Enso OYJ

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