Outokumpu Oyj (OTCMKTS:OUTKY) Downgraded by Oddo Bhf

Oddo Bhf cut shares of Outokumpu Oyj (OTCMKTS:OUTKYGet Rating) from a neutral rating to an underperform rating in a report issued on Tuesday morning, The Fly reports.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley dropped their price objective on shares of Outokumpu Oyj from €6.60 ($6.73) to €6.30 ($6.43) in a research note on Thursday, June 23rd. Kepler Capital Markets downgraded Outokumpu Oyj from a buy rating to a hold rating and set a €5.00 ($5.10) price target on the stock. in a report on Thursday, August 11th. Credit Suisse Group upgraded Outokumpu Oyj from a neutral rating to an outperform rating in a research note on Monday, June 6th. Danske cut Outokumpu Oyj from a buy rating to a hold rating in a research note on Tuesday, June 14th. Finally, Barclays assumed coverage on shares of Outokumpu Oyj in a report on Wednesday, August 10th. They set an overweight rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Outokumpu Oyj currently has an average rating of Hold and an average target price of $6.77.

Outokumpu Oyj Stock Performance

Outokumpu Oyj stock opened at $1.95 on Tuesday. The company has a market cap of $1.78 billion, a PE ratio of 2.79 and a beta of 0.89. Outokumpu Oyj has a 12 month low of $1.95 and a 12 month high of $3.53. The company has a fifty day moving average price of $2.57 and a two-hundred day moving average price of $2.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.28 and a quick ratio of 0.48.

About Outokumpu Oyj

(Get Rating)

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; precise components, including welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, press plates, roll shells, and blancs and disks; semi-finished stainless steel long products comprising billets and blooms, forged and rolled billets, cast slabs, ingots, and rebar; and stainless steel wire rods, wires, and bars.

Read More

The Fly logo

Analyst Recommendations for Outokumpu Oyj (OTCMKTS:OUTKY)

Receive News & Ratings for Outokumpu Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outokumpu Oyj and related companies with MarketBeat.com's FREE daily email newsletter.