Deutsche Bank downgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a report issued on Wednesday morning, The Fly reports.

NHYDY has been the topic of a number of other reports. ValuEngine cut Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised DLH from a sell rating to a hold rating in a research note on Tuesday. Citigroup reissued a buy rating on shares of Rolls-Royce in a research note on Monday, April 8th. Goldman Sachs Group raised Norsk Hydro ASA from a sell rating to a neutral rating in a research note on Wednesday, May 8th. Finally, Nordea Equity Research raised Norsk Hydro ASA from a hold rating to a buy rating in a research note on Friday, March 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $5.00.

Shares of OTCMKTS:NHYDY opened at $3.63 on Wednesday. The company has a fifty day moving average of $3.63. Norsk Hydro ASA has a fifty-two week low of $3.45 and a fifty-two week high of $6.21. The company has a market capitalization of $7.44 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.82. The company has a quick ratio of 0.87, a current ratio of 1.57 and a debt-to-equity ratio of 0.12.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.01 earnings per share for the quarter. Norsk Hydro ASA had a return on equity of 4.22% and a net margin of 1.50%. The firm had revenue of $4.40 billion for the quarter. Equities research analysts forecast that Norsk Hydro ASA will post 0.2 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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