SMURFIT KAPPA G/ADR (SMFKY) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of SMURFIT KAPPA G/ADR (OTCMKTS:SMFKY) from a buy rating to a sell rating in a research note issued to investors on Friday.
According to Zacks, “Smurfit Kappa Group PLC operates as a paper and paperboard manufacturer and converter. It also engages in the manufacturing, distribution and selling of containerboard, corrugated containers and other paper-based packaging products, such as solid board, graphic board and bag-in-box. The company’s operating segments consists of Europe and Americas. Europe segment includes a system of mills and plants which primarily produces containerboard. Americas segment comprises forestry, paper, corrugated, paper sack and folding carton activities. Smurfit Kappa Group PLC is headquartered in Dublin, Ireland. “
Separately, ValuEngine downgraded SMURFIT KAPPA G/ADR from a hold rating to a sell rating in a research note on Tuesday.
About SMURFIT KAPPA G/ADR
Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through Europe and the Americas segments. It offers containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box.
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