Clariant AG (OTCMKTS:CLZNY) Receives Consensus Recommendation of “Hold” from Analysts

Clariant AG (OTCMKTS:CLZNY) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating.

A number of research analysts have commented on the stock. Jefferies Financial Group downgraded shares of Clariant from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. UBS Group cut shares of Clariant from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Finally, Citigroup downgraded Clariant from a “buy” rating to a “hold” rating in a research note on Thursday, December 11th.

Clariant Price Performance

Shares of CLZNY opened at $9.20 on Friday. The business’s 50 day moving average is $8.98 and its two-hundred day moving average is $9.61. Clariant has a 52-week low of $8.45 and a 52-week high of $13.36.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.