Basf Se (NASDAQ:BASFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. “

Basf Se (NASDAQ:BASFY) traded up 0.63% during midday trading on Tuesday, reaching $79.38. 39,016 shares of the company traded hands. The company has a market capitalization of $72.91 billion and a price-to-earnings ratio of 16.18. Basf Se has a one year low of $63.52 and a one year high of $85.15. The stock’s 50 day moving average is $80.61 and its 200 day moving average is $77.43.

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