Svenska Cellulosa AB (OTCMKTS:SVCBY) Downgraded by ValuEngine
Svenska Cellulosa AB (OTCMKTS:SVCBY) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
Several other equities research analysts also recently commented on SVCBY. Zacks Investment Research downgraded Svenska Cellulosa AB from a “strong-buy” rating to a “sell” rating in a report on Friday. Berenberg Bank assumed coverage on Svenska Cellulosa AB in a report on Friday, June 9th. They issued a “sell” rating on the stock.
Shares of Svenska Cellulosa AB (SVCBY) traded down 0.24% during trading on Tuesday, hitting $8.21. The company had a trading volume of 6,743 shares. Svenska Cellulosa AB has a 1-year low of $6.92 and a 1-year high of $35.35. The firm has a market capitalization of $5.77 billion, a P/E ratio of 0.33 and a beta of 0.69. The company’s 50 day moving average is $9.88 and its 200 day moving average is $26.38.
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Svenska Cellulosa AB Company Profile
Svenska Cellulosa SCA AB is a Sweden-based forest products company that develops solid-wood products, pulp, kraftliner, publication papers and renewable energy. The Company consists of five business units: Forest, Wood, Pulp, Paper, Renewable Energy, and supporting unit Sourcing & Logistics. The Forest unit comprises management of over two million hectares forestland, which is used for timber production.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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