Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Lowered by Deutsche Bank

Deutsche Bank downgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a report published on Wednesday morning, The Fly reports.

A number of other research firms also recently issued reports on NHYDY. Zacks Investment Research raised shares of DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. set a €20.00 ($23.26) target price on shares of STMicroelectronics and gave the stock a buy rating in a research note on Tuesday, May 21st. 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. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Norsk Hydro ASA currently has an average rating of Hold and an average price target of $5.00.

Norsk Hydro ASA stock opened at $3.63 on Wednesday. The company has a 50 day moving average of $3.63. The stock has a market cap of $7.30 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.82. Norsk Hydro ASA has a 1 year low of $3.45 and a 1 year high of $6.21. 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 (OTCMKTS:NHYDY) last released its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $4.40 billion for the quarter. Norsk Hydro ASA had a net margin of 1.50% and a return on equity of 4.22%. As a group, equities research analysts forecast that Norsk Hydro ASA will post 0.2 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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