Stora Enso Oyj (OTCMKTS:SEOAY) Rating Lowered to Hold at Zacks Investment Research

Stora Enso Oyj (OTCMKTS:SEOAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, reports.

According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Other analysts have also issued reports about the company. Citigroup upgraded Stora Enso Oyj from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 27th. Morgan Stanley initiated coverage on Stora Enso Oyj in a research report on Tuesday, October 26th. They issued an “underweight” rating for the company. UBS Group reiterated a “neutral” rating on shares of Stora Enso Oyj in a research report on Thursday, October 21st. Finally, Danske lowered Stora Enso Oyj from a “hold” rating to a “sell” rating and set a $15.00 price objective for the company. in a research report on Monday, September 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.26.

Shares of SEOAY stock opened at $16.88 on Wednesday. The stock has a 50-day moving average price of $16.90 and a 200 day moving average price of $18.24. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.36. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 12.60 and a beta of 1.28. Stora Enso Oyj has a 12 month low of $15.96 and a 12 month high of $20.91.

About Stora Enso Oyj

Stora Enso Oyj engages in the manufacturing and marketing of newsprint, book paper, magazine paper, fine paper, consumer board, industrial packaging, and wood products. It operates through the following divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops and provides consumer packaging boards for printing and packaging applications.

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