Zacks Investment Research Downgrades Svenska Cellulosa AB (SVCBY) to Sell
Svenska Cellulosa AB (OTCMKTS:SVCBY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
According to Zacks, “Svenska Cellulosa Aktiebolaget SCA is a hygiene and forest company. Its business segments consist of Personal Care, Tissue business and Forest Products business. It provides incontinence care, baby diapers, feminine care, publication papers, pulp, solid-wood products, toilet paper, kitchen rolls, facial tissue, handkerchiefs and napkins. Its main brands include Tena, Pequenin, Libresse, Nosotras, Nana, Velvet, Edet, Regio, Tork, Zewa, Tempo, Libero, Drypers and Saba, among others. Svenska Cellulosa Aktiebolaget SCA is headquartered in Stockholm, Sweden. “
Svenska Cellulosa AB (OTCMKTS:SVCBY) traded down 1.78% during mid-day trading on Tuesday, hitting $28.65. 32,552 shares of the stock were exchanged. Svenska Cellulosa AB has a 52-week low of $26.25 and a 52-week high of $32.69. The company has a 50 day moving average price of $30.54 and a 200 day moving average price of $30.86. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 32.45 and a beta of 0.60.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/09/zacks-investment-research-downgrades-svenska-cellulosa-ab-svcby-to-sell.html
Svenska Cellulosa AB Company Profile
Svenska Cellulosa Aktiebolaget SCA (SCA) is a hygiene and forest products company that develops and produces personal care, tissue and forest products. The Company has three business areas: Personal Care, which consists of incontinence products, baby diapers and feminine care products; Tissue, which manufactures and sells consumer tissue and away-from-home (AfH) tissue, and Forest Products, in which SCA manufactures and sells paper for packaging and print, pulp, solid-wood products and renewable energy.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Svenska Cellulosa AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Svenska Cellulosa AB and related companies with MarketBeat.com's FREE daily email newsletter.