Norsk Hydro ASA (OTCMKTS:NHYDY) Cut to “Sell” at Zacks Investment Research

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Zacks Investment Research downgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a sell rating in a research report released 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. “

Several other brokerages also recently commented on NHYDY. 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. Citigroup reaffirmed a buy rating on shares of Rolls-Royce in a research note on Monday, April 8th. Nordea Equity Research raised shares of Norsk Hydro ASA from a hold rating to a buy rating in a research note on Friday, March 15th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. set a €20.00 ($23.26) target price on shares of STMicroelectronics and gave the company a buy rating in a research note on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $5.00.

Shares of OTCMKTS NHYDY opened at $3.57 on Tuesday. The firm has a 50 day simple moving average of $3.63. Norsk Hydro ASA has a fifty-two week low of $3.45 and a fifty-two week high of $6.21. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 1.82 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.57 and a quick ratio of 0.87.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Wednesday, June 5th. The industrial products company reported $0.01 earnings per share for the quarter. Norsk Hydro ASA had a net margin of 1.50% and a return on equity of 4.22%. The business had revenue of $4.40 billion for the quarter. Equities research analysts anticipate that Norsk Hydro ASA will post 0.22 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

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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