Zacks Investment Research Lowers Mondi (OTCMKTS:MONDY) to Sell

Zacks Investment Research lowered shares of Mondi (OTCMKTS:MONDY) from a hold rating to a sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Mondi plc manufactures and sells packaging and paper products. Its products include containerboards, sack kraft papers, speciality kraft papers, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, office and printing papers and graphic printing papers as well as pre-made bags and pouches, printed laminates and high-barrier films. The company operates primarily in central Europe, Russia, North America and South Africa. Mondi plc is based in Addlestone, the United Kingdom. “

A number of other research analysts have also recently weighed in on the company. UBS Group reiterated a buy rating on shares of Mondi in a report on Tuesday, September 28th. Investec upgraded Mondi to a buy rating in a report on Wednesday, November 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $63.00.

Shares of Mondi stock opened at $52.57 on Wednesday. Mondi has a twelve month low of $45.38 and a twelve month high of $59.24. The company has a current ratio of 1.62, a quick ratio of 1.00 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average price is $49.02 and its 200 day moving average price is $52.13.

Mondi Company Profile

Mondi Plc is a holding company, which engages in the manufacture and distribution of packaging and paper products. It operates through the following segments: Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper segments. The Corrugated Packaging segment comprises the operations of containerboard and corrugated solutions.

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Analyst Recommendations for Mondi (OTCMKTS:MONDY)

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