OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) Upgraded at Goldman Sachs Group

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

Separately, Zacks Investment Research downgraded OUTOKUMPU OYJ/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th.

Shares of OTCMKTS:OUTKY opened at $1.39 on Wednesday. The stock has a market capitalization of $1.16 billion, a PE ratio of 7.32 and a beta of 1.10. OUTOKUMPU OYJ/ADR has a 1 year low of $1.39 and a 1 year high of $3.43.

OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.80 billion. OUTOKUMPU OYJ/ADR had a net margin of 0.62% and a return on equity of 1.56%. Sell-side analysts predict that OUTOKUMPU OYJ/ADR will post 0.08 earnings per share for the current fiscal year.

About OUTOKUMPU OYJ/ADR

Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; semi-finished stainless steel long products; stainless steel bars, rebars, wires, and wire rods; welded stainless steel I-beams, H-beams, hollow-section tubes, and bent profiles for load-bearing structures; blancs and discs; suction roll shell blanks; and customized press plates and ready-to-use plates.

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