Clariant AG (OTCMKTS:CLZNY) Given Consensus Rating of “Hold” by Brokerages

Clariant AG (OTCMKTS:CLZNY) has received an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating.

CLZNY has been the subject of a number of research analyst reports. Citigroup lowered Clariant from a “buy” rating to a “hold” rating in a research note on Thursday, December 11th. UBS Group downgraded Clariant from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Finally, Jefferies Financial Group cut shares of Clariant from a “hold” rating to a “moderate sell” rating in a report on Tuesday, November 11th.

Clariant Stock Performance

Shares of OTCMKTS:CLZNY opened at $9.16 on Friday. The business has a 50 day simple moving average of $9.02 and a two-hundred day simple moving average of $9.58. Clariant has a 1 year low of $8.45 and a 1 year 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.