Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a sell rating to a hold rating in a research report released on Friday morning, Zacks.com reports.

According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

Several other equities research analysts have also recently commented on NHYDY. Deutsche Bank cut shares of Norsk Hydro ASA from a buy rating to a hold rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. upgraded shares of Norsk Hydro ASA from a neutral rating to an overweight rating in a research report on Tuesday, May 21st. Citigroup upgraded shares of Norsk Hydro ASA from a neutral rating to a buy rating in a research report on Monday, April 8th. Goldman Sachs Group upgraded shares of Norsk Hydro ASA from a sell rating to a neutral rating in a report on Wednesday, May 8th. Finally, ValuEngine cut shares of Norsk Hydro ASA from a sell rating to a strong sell rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Norsk Hydro ASA has a consensus rating of Hold and an average price target of $5.00.

Shares of OTCMKTS:NHYDY traded down $0.11 during trading on Friday, hitting $3.22. 96,492 shares of the company’s stock were exchanged, compared to its average volume of 64,144. Norsk Hydro ASA has a 1-year low of $3.19 and a 1-year high of $6.21. The company’s 50-day moving average is $3.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 1.57. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 2.29 and a beta of 0.85.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). Norsk Hydro ASA had a return on equity of 2.10% and a net margin of 0.07%. The business had revenue of $4.55 billion for the quarter. On average, research analysts predict that Norsk Hydro ASA will post 0.17 EPS for the current fiscal year.

About Norsk Hydro ASA

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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