FLSmidth & Co. A/S (OTCMKTS:FLIDY) Upgraded to Hold at Barclays

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was upgraded by Barclays from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, UBS Group raised FLSmidth & Co. A/S to a “hold” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

FLSmidth & Co. A/S Price Performance

FLIDY opened at $7.65 on Tuesday. The firm has a 50 day simple moving average of $8.51 and a 200 day simple moving average of $7.65. FLSmidth & Co. A/S has a fifty-two week low of $6.07 and a fifty-two week high of $9.20.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $634.87 million for the quarter.

FLSmidth & Co. A/S Company Profile

FLSmidth & Co A/S is a Denmark‐based engineering group founded in 1882 by Frederik Læssøe Smidth. The company specializes in the design, manufacture and installation of equipment and services for the global cement and mining industries. Headquartered in Copenhagen, FLSmidth has built a reputation for supplying end‐to‐end solutions that support both greenfield and brownfield projects worldwide.

FLSmidth’s core offerings include crushing, grinding, separation and pyro‐processing equipment, as well as material handling systems and pumps.