OUTOKUMPU OYJ/ADR (OUTKY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) from a sell rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “

Separately, UBS Group raised OUTOKUMPU OYJ/ADR from a neutral rating to a buy rating in a report on Wednesday, January 16th.

OTCMKTS:OUTKY opened at $1.81 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 1.09 and a debt-to-equity ratio of 0.28. OUTOKUMPU OYJ/ADR has a 12-month low of $1.75 and a 12-month high of $4.35.

The business also recently announced an annual dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, March 29th will be issued a $0.057 dividend. This represents a dividend yield of 3.26%. The ex-dividend date is Thursday, March 28th. OUTOKUMPU OYJ/ADR’s payout ratio is currently 12.75%.

About OUTOKUMPU OYJ/ADR

Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. The company provides stainless steel bars, coils and sheets, steel precision strips, rebars, and wire rods; and semi-finished products, such as cast billets and blooms, cast slabs, stainless steel ingots, and rolled and forged billets, as well as pipes.

Further Reading: What are economic reports?

Get a free copy of the Zacks research report on OUTOKUMPU OYJ/ADR (OUTKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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



Leave a Reply