Zacks Investment Research upgraded shares of OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) from a sell rating to a hold rating in a research note issued to investors 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, ValuEngine lowered shares of OUTOKUMPU OYJ/ADR from a hold rating to a sell rating in a research note on Friday, August 3rd.
OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last announced its earnings results on Friday, October 26th. The company reported $0.04 EPS for the quarter. OUTOKUMPU OYJ/ADR had a net margin of 3.41% and a return on equity of 8.63%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.16 billion. As a group, research analysts forecast that OUTOKUMPU OYJ/ADR will post 0.14 EPS for the current fiscal year.
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.
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