Norsk Hydro ASA (OTCMKTS:NHYDY) Lifted 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 note issued to investors on Tuesday, 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. “

NHYDY has been the topic of several other reports. JPMorgan Chase & Co. raised shares of Norsk Hydro ASA from a neutral rating to an overweight rating in a research note on Tuesday, May 21st. Citigroup downgraded shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research note on Monday. Deutsche Bank downgraded shares of Norsk Hydro ASA from a buy rating to a hold rating in a research note on Wednesday, July 10th. Goldman Sachs Group raised shares of Norsk Hydro ASA from a sell rating to a neutral rating in a research note on Wednesday, May 8th. Finally, ValuEngine downgraded shares of Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Norsk Hydro ASA currently has an average rating of Hold and an average target price of $5.00.

Shares of OTCMKTS NHYDY opened at $3.01 on Tuesday. 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 has a 52 week low of $2.96 and a 52 week high of $6.21. The firm’s fifty day moving average is $3.50 and its 200 day moving average is $3.91. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 2.06 and a beta of 0.85.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its 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 firm had revenue of $4.55 billion during the quarter. Equities research analysts anticipate that Norsk Hydro ASA will post 0.17 earnings per share for the current 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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