Fortum Oyj (OTCMKTS:FOJCY) Upgraded by Oddo Bhf to “Outperform”

Oddo Bhf upgraded shares of Fortum Oyj (OTCMKTS:FOJCYGet Rating) from a neutral rating to an outperform rating in a research report report published on Thursday, The Fly reports. The firm currently has €18.50 ($18.88) target price on the stock.

Several other research firms have also commented on FOJCY. Berenberg Bank lowered shares of Fortum Oyj from a buy rating to a hold rating in a research report on Wednesday, September 7th. JPMorgan Chase & Co. lowered their price objective on shares of Fortum Oyj from €21.00 ($21.43) to €16.20 ($16.53) and set an overweight rating for the company in a research report on Tuesday, August 9th. Sanford C. Bernstein upgraded shares of Fortum Oyj from an underperform rating to an outperform rating in a research report on Wednesday, July 27th. AlphaValue lowered shares of Fortum Oyj to a reduce rating in a research report on Monday, July 11th. Finally, Danske upgraded shares of Fortum Oyj from a hold rating to a buy rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Fortum Oyj presently has a consensus rating of Hold and a consensus target price of $19.30.

Fortum Oyj Stock Performance

Shares of OTCMKTS:FOJCY opened at $2.79 on Thursday. Fortum Oyj has a fifty-two week low of $1.77 and a fifty-two week high of $6.50. The firm has a fifty day moving average price of $2.16 and a 200 day moving average price of $2.98.

About Fortum Oyj

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Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Germany, the United Kingdom, Russia, the Netherlands, the Baltic Rim area, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and thermal resources; and provides power portfolio optimization, trading, and industrial intelligence, as well as nuclear services.

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Analyst Recommendations for Fortum Oyj (OTCMKTS:FOJCY)

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