Akzo Nobel (AKZOY) Upgraded to “Hold” by Zacks Investment Research
Akzo Nobel (NASDAQ:AKZOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “
Several other equities analysts have also recently commented on AKZOY. HSBC assumed coverage on shares of Akzo Nobel in a research report on Friday. They set a “reduce” rating on the stock. Credit Suisse Group AG cut shares of Akzo Nobel from an “outperform” rating to a “neutral” rating in a report on Thursday, July 21st.
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Shares of Akzo Nobel (NASDAQ:AKZOY) traded up 0.31% during midday trading on Tuesday, reaching $22.43. The company had a trading volume of 22,915 shares. The firm has a market capitalization of $16.95 billion and a P/E ratio of 14.53. Akzo Nobel has a one year low of $18.73 and a one year high of $24.45. The company has a 50 day moving average price of $22.31 and a 200-day moving average price of $22.24.
Akzo Nobel Company Profile
Akzo Nobel N.V. is a paints and coatings company, and a producer of specialty chemicals. The Company operates in business areas, such as include Decorative Paints, Performance Coatings, Specialty Chemicals, and Corporate and other. Its Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes.
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