Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been given an average rating of “Hold” by the ten ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company.

Several brokerages recently commented on NHYDY. Morgan Stanley restated an “overweight” rating on shares of Norsk Hydro ASA in a report on Tuesday, December 16th. Zacks Research cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 23rd. BNP Paribas Exane upgraded Norsk Hydro ASA to an “outperform” rating in a report on Friday, December 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Norsk Hydro ASA in a research report on Friday, November 21st. Finally, Danske upgraded Norsk Hydro ASA to a “hold” rating in a report on Monday, October 27th.

Norsk Hydro ASA Trading Down 3.2%

OTCMKTS NHYDY opened at $9.10 on Wednesday. Norsk Hydro ASA has a 52 week low of $4.50 and a 52 week high of $9.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.91. The stock’s 50 day moving average price is $8.32 and its two-hundred day moving average price is $7.30. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 0.28 and a beta of 1.15.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.