FLSmidth & Co. A/S (OTCMKTS:FLIDY) Raised to “Strong-Buy” at Dnb Carnegie

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was upgraded by research analysts at Dnb Carnegie from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

Separately, UBS Group raised shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a report 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 data from MarketBeat, FLSmidth & Co. A/S currently has an average rating of “Buy”.

FLSmidth & Co. A/S Stock Performance

FLIDY opened at $8.99 on Monday. FLSmidth & Co. A/S has a 1-year low of $6.70 and a 1-year high of $9.49. The firm has a 50-day moving average price of $8.19 and a two-hundred day moving average price of $7.98.

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

FLSmidth & Co. A/S Company Profile

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.