Zacks Investment Research upgraded shares of UPM-Kymmene Co. (OTCMKTS:UPMKY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning. Zacks Investment Research currently has $28.00 price target on the stock.

According to Zacks, “UPM-Kymmene Corporation is a global paper and forest products company. The Company is engaged in the production of paper, with an emphasis on the manufacture and sale of printing and writing papers. UPM is known as a modern and focused forest industry company. It consists of three Business Groups: Energy and Pulp, Paper, and Engineered Materials. The company’s main market areas are Europe and North America. UPM’s activities are centered in the European Union countries and North America, and Asia. The Company’s activities are based on close integration of raw materials, energy and production. Its vision is to be the front-runner in the new forest industry and to create value by offering competitive products and services to customers worldwide. “

Shares of UPM-Kymmene (OTCMKTS:UPMKY) opened at 25.04 on Wednesday. The firm has a market cap of $13.36 billion, a PE ratio of 14.42 and a beta of 1.74. The stock has a 50 day moving average of $24.14 and a 200 day moving average of $23.04. UPM-Kymmene has a 1-year low of $16.14 and a 1-year high of $26.33.

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About UPM-Kymmene

UPM-Kymmene Corporation is a paper and forest products company. The Company operates through the UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper ENA (Europe and North America), UPM Plywood and other operations segments. UPM Biorefining segment consists of pulp, timber and biofuels businesses.

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