Metso Corp. (MXCYY) Downgraded to Hold at Zacks Investment Research
Metso Corp. (OTCMKTS:MXCYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Metso is a globally-leading supplier of processes, machinery and systems for the pulp and paper industry and a foremost expert in the key technologies of this sector. The Corporation is also a strong supplier in automation and flow control solutions, and one of the world’s leading suppliers of rock and mineral processing systems. The main customer sectors are the pulp and paper industry, construction and civil engineering, mining and the energy industry. “
Several other research firms have also recently weighed in on MXCYY. Barclays PLC upgraded Metso Corp. from an “underweight” rating to an “equal weight” rating in a research report on Friday, July 22nd. Credit Suisse Group AG reiterated a “neutral” rating on shares of Metso Corp. in a research report on Tuesday, September 20th.
Shares of Metso Corp. (OTCMKTS:MXCYY) opened at 7.30 on Wednesday. The company has a market capitalization of $4.38 billion, a PE ratio of 23.82 and a beta of 2.03. Metso Corp. has a one year low of $4.76 and a one year high of $7.43. The firm’s 50-day moving average price is $7.12 and its 200 day moving average price is $6.35.
About Metso Corp.
Metso Oyj is a global supplier of sustainable technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.
Receive News & Stock Ratings for Metso Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metso Corp. and related stocks with our FREE daily email newsletter.