Svenska Cellulosa AB (SVCBY) Upgraded at Zacks Investment Research
Svenska Cellulosa AB (OTCMKTS:SVCBY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Svenska Cellulosa Aktiebolaget SCA is a hygiene and forest company. Its business segments consist of Personal Care, Tissue business and Forest Products business. It provides incontinence care, baby diapers, feminine care, publication papers, pulp, solid-wood products, toilet paper, kitchen rolls, facial tissue, handkerchiefs and napkins. Its main brands include Tena, Pequenin, Libresse, Nosotras, Nana, Velvet, Edet, Regio, Tork, Zewa, Tempo, Libero, Drypers and Saba, among others. Svenska Cellulosa Aktiebolaget SCA is headquartered in Stockholm, Sweden. “
A number of other research firms also recently weighed in on SVCBY. ValuEngine downgraded Svenska Cellulosa AB from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Berenberg Bank initiated coverage on Svenska Cellulosa AB in a report on Friday, June 9th. They set a “sell” rating for the company.
Shares of Svenska Cellulosa AB (OTCMKTS SVCBY) opened at 8.20 on Tuesday. Svenska Cellulosa AB has a 52 week low of $6.92 and a 52 week high of $35.35. The stock has a 50 day moving average of $8.23 and a 200-day moving average of $22.97. The firm has a market capitalization of $5.76 billion, a PE ratio of 0.32 and a beta of 0.68.
About Svenska Cellulosa AB
Svenska Cellulosa SCA AB is a Sweden-based forest products company that develops solid-wood products, pulp, kraftliner, publication papers and renewable energy. The Company consists of five business units: Forest, Wood, Pulp, Paper, Renewable Energy, and supporting unit Sourcing & Logistics. The Forest unit comprises management of over two million hectares forestland, which is used for timber production.
Receive News & Stock Ratings for Svenska Cellulosa AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Svenska Cellulosa AB and related stocks with our FREE daily email newsletter.