Clariant AG (OTCMKTS:CLZNY) Receives Average Recommendation of “Hold” from Brokerages

Clariant AG (OTCMKTS:CLZNY) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating.

Several analysts recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Clariant from a “buy” rating to a “sell” rating in a research report on Tuesday. UBS Group downgraded shares of Clariant from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Jefferies Financial Group lowered shares of Clariant from a “hold” rating to a “moderate sell” rating in a report on Tuesday, November 11th. Finally, Citigroup downgraded Clariant from a “buy” rating to a “hold” rating in a research note on Thursday, December 11th.

Clariant Trading Up 1.8%

Shares of OTCMKTS:CLZNY opened at $10.77 on Tuesday. Clariant has a 52-week low of $8.45 and a 52-week high of $13.36. The business’s 50 day simple moving average is $9.23 and its two-hundred day simple moving average is $9.46.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.