Stora Enso OYJ (NASDAQ:SEOAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Stora Enso OYJ (NASDAQ:SEOAY) opened at 12.17 on Friday. The firm has a 50-day moving average of $11.71 and a 200-day moving average of $10.51. The company has a market capitalization of $9.60 billion and a PE ratio of 19.47. Stora Enso OYJ has a 52 week low of $7.48 and a 52 week high of $12.20.

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Stora Enso OYJ Company Profile

Stora Enso Oyj is a provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. The Company’s segments include Consumer Board, Packaging Solutions, Biomaterials, Wood Products, Paper and Other. The Consumer Board segment develops and provides consumer packaging boards for printing and packaging applications.

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