Basf Se (NASDAQ:BASFY) 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, “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. “

Shares of Basf Se (NASDAQ:BASFY) traded up 0.63% during trading on Tuesday, reaching $79.38. 39,016 shares of the company’s stock were exchanged. Basf Se has a 52-week low of $63.52 and a 52-week high of $85.15. The company has a 50 day moving average price of $80.61 and a 200-day moving average price of $77.43. The company has a market capitalization of $72.91 billion and a PE ratio of 16.18.

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