Norsk Hydro ASA (OTCMKTS:NHYDY) Upgraded to “Hold” by Zacks Investment Research

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Zacks Investment Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a sell rating to a hold rating in a report released on Friday morning, 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. “

Other analysts also recently issued reports about the company. ValuEngine downgraded Norsk Hydro ASA from a sell rating to a strong sell rating in a report on Tuesday, July 2nd. Deutsche Bank downgraded Norsk Hydro ASA from a buy rating to a hold rating in a report on Wednesday, July 10th. Goldman Sachs Group upgraded Norsk Hydro ASA from a neutral rating to a buy rating in a report on Wednesday, September 11th. Barclays initiated coverage on Norsk Hydro ASA in a report on Thursday. They issued an underweight rating for the company. Finally, Bank of America downgraded Norsk Hydro ASA from a buy rating to a neutral rating in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Norsk Hydro ASA presently has an average rating of Hold and an average target price of $5.00.

NHYDY stock opened at $3.77 on Friday. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 2.85 and a beta of 0.90. The company has a quick ratio of 1.07, a current ratio of 1.77 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $3.27 and a 200-day simple moving average of $3.77. Norsk Hydro ASA has a 52 week low of $2.93 and a 52 week high of $6.21.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The firm had revenue of $4.55 billion for the quarter. Norsk Hydro ASA had a return on equity of 2.14% and a net margin of 0.07%. As a group, analysts expect that Norsk Hydro ASA will post 0.16 earnings per share for the current fiscal 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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