Zacks Investment Research cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research note published on Friday morning.

According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

Several other equities analysts also recently issued reports on the company. BNP Paribas raised Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Wednesday, September 6th. ValuEngine raised Norsk Hydro ASA from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Credit Suisse Group raised Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $8.25.

Shares of Norsk Hydro ASA (NHYDY) opened at 7.26 on Friday. The company has a market cap of $14.85 billion, a P/E ratio of 21.93 and a beta of 0.91. Norsk Hydro ASA has a 12-month low of $3.87 and a 12-month high of $7.42. The stock’s 50 day moving average price is $6.67 and its 200 day moving average price is $5.95.

Norsk Hydro ASA (OTCMKTS:NHYDY) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.89 billion during the quarter. Norsk Hydro ASA had a return on equity of 6.57% and a net margin of 6.16%. On average, analysts forecast that Norsk Hydro ASA will post $0.51 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Norsk Hydro ASA (NHYDY) Cut to Hold at Zacks Investment Research” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at

About Norsk Hydro ASA

Get a free copy of the Zacks research report on Norsk Hydro ASA (NHYDY)

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

Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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