Clariant AG (OTCMKTS:CLZNY) Receives Consensus Recommendation of “Hold” from Analysts

Clariant AG (OTCMKTS:CLZNY) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

CLZNY has been the topic of a number of research analyst reports. Zacks Research raised shares of Clariant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Jefferies Financial Group upgraded shares of Clariant from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Clariant from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Morgan Stanley cut shares of Clariant from an “overweight” rating to an “underweight” rating in a research note on Monday, July 20th. Finally, Barclays upgraded shares of Clariant to an “overweight” rating in a research report on Monday, August 3rd.

Clariant Price Performance

Shares of CLZNY stock opened at $13.60 on Friday. The stock has a 50 day simple moving average of $10.55 and a 200-day simple moving average of $10.31. Clariant has a 1-year low of $8.45 and a 1-year high of $13.60.

Clariant Company Profile

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.