Outokumpu Oyj (OUTKY) Upgraded to Buy at Zacks Investment Research
Outokumpu Oyj (NASDAQ:OUTKY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $4.75 price objective on the stock. Zacks Investment Research‘s price objective points to a potential upside of 6.03% from the company’s previous close.
According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “
Shares of Outokumpu Oyj (NASDAQ OUTKY) opened at 4.48 on Wednesday. The stock has a market capitalization of $3.69 billion and a P/E ratio of 6.45. Outokumpu Oyj has a 12 month low of $2.98 and a 12 month high of $5.43. The firm’s 50-day moving average price is $4.43 and its 200-day moving average price is $4.60.
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