Norsk Hydro ASA (OTCMKTS:NHYDY) Downgraded by Deutsche Bank
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 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.
See Also: Yield Curve
Receive News & Ratings for Norsk Hydro ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norsk Hydro ASA and related companies with MarketBeat.com's FREE daily email newsletter.