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

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was upgraded by stock 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 FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

FLSmidth & Co. A/S Price Performance

Shares of FLSmidth & Co. A/S stock opened at $8.99 on Monday. FLSmidth & Co. A/S has a 12 month low of $6.70 and a 12 month high of $9.49. The business has a fifty day simple moving average of $8.19 and a 200 day simple moving average of $7.98.

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

About FLSmidth & Co. A/S

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.