Zacks Investment Research upgraded shares of Outokumpu Oyj (NASDAQ:OUTKY) from a sell rating to a hold rating in a report issued on Friday.

According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “

Outokumpu Oyj (OUTKY) remained flat at $4.48 during mid-day trading on Friday. The firm has a 50 day moving average price of $4.41 and a 200-day moving average price of $4.56. The company has a market capitalization of $3.69 billion and a PE ratio of 6.59. Outokumpu Oyj has a 12-month low of $2.85 and a 12-month high of $5.43.

COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/09/04/outokumpu-oyj-outky-upgraded-at-zacks-investment-research.html.

Get a free copy of the Zacks research report on Outokumpu Oyj (OUTKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Outokumpu Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outokumpu Oyj and related stocks with our FREE daily email newsletter.