FLSmidth & Co. A/S (OTCMKTS:FLIDY) Rating Increased to Strong-Buy at Dnb Carnegie

Dnb Carnegie upgraded shares of FLSmidth & Co. A/S (OTCMKTS:FLIDYFree Report) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks reports.

Separately, UBS Group upgraded FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on FLSmidth & Co. A/S

FLSmidth & Co. A/S Price Performance

Shares of FLIDY stock opened at $8.99 on Monday. The business’s fifty day moving average is $8.19 and its 200 day moving average is $7.98. FLSmidth & Co. A/S has a twelve month low of $6.70 and a twelve month high of $9.49.

FLSmidth & Co. A/S (OTCMKTS:FLIDYGet Free Report) last announced its earnings results on Wednesday, August 19th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $613.53 million for the quarter, compared to the consensus estimate of $542.44 million.

About FLSmidth & Co. A/S

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FLSmidth & Co A/S is a Denmark‐based engineering group founded in 1882 by Frederik Læssøe Smidth. The company specializes in the design, manufacture and installation of equipment and services for the global cement and mining industries. Headquartered in Copenhagen, FLSmidth has built a reputation for supplying end‐to‐end solutions that support both greenfield and brownfield projects worldwide.

FLSmidth’s core offerings include crushing, grinding, separation and pyro‐processing equipment, as well as material handling systems and pumps.

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