Svenska Cellulosa AB (SVCBY) Upgraded to Hold at Zacks Investment Research
Svenska Cellulosa AB (OTCMKTS:SVCBY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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. “
Separately, Berenberg Bank assumed coverage on Svenska Cellulosa AB in a report on Friday, June 9th. They issued a “sell” rating for the company.
Svenska Cellulosa AB (OTCMKTS:SVCBY) remained flat at $32.45 during midday trading on Wednesday. The company had a trading volume of 58 shares. Svenska Cellulosa AB has a 12-month low of $25.53 and a 12-month high of $35.35. The company’s 50 day moving average price is $34.06 and its 200 day moving average price is $30.90. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 36.38 and a beta of 0.58.
WARNING: “Svenska Cellulosa AB (SVCBY) Upgraded to Hold at Zacks Investment Research” was posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/06/14/svenska-cellulosa-ab-svcby-upgraded-to-hold-at-zacks-investment-research.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’s segments include Personal Care, Tissue, Forest Products and Other. The Personal Care segment develops, produces, markets and sells incontinence products, baby diapers and feminine care products.
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.