Norsk Hydro ASA (OTCMKTS:NHYDY) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Separately, Barclays upgraded shares of Norsk Hydro ASA to a “strong-buy” rating in a report on Wednesday, October 16th.

Norsk Hydro ASA Price Performance

Shares of NHYDY stock opened at $5.83 on Wednesday. Norsk Hydro ASA has a one year low of $4.95 and a one year high of $6.98. The company has a market capitalization of $11.71 billion, a P/E ratio of 97.17, a P/E/G ratio of 0.21 and a beta of 1.52. The company’s 50-day simple moving average is $6.21 and its two-hundred day simple moving average is $6.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.07.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Thursday, October 24th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $4.68 billion for the quarter. Norsk Hydro ASA had a return on equity of 7.26% and a net margin of 0.69%. As a group, equities analysts anticipate that Norsk Hydro ASA will post 0.55 EPS for the current year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.