UBS Group Lowers COVESTRO AG/S (COVTY) to Neutral
UBS Group cut shares of COVESTRO AG/S (OTCMKTS:COVTY) from a buy rating to a neutral rating in a research note published on Thursday, The Fly reports.
Separately, Zacks Investment Research downgraded shares of COVESTRO AG/S from a hold rating to a sell rating in a research report on Friday, October 26th.
Shares of COVESTRO AG/S stock opened at $26.58 on Thursday. The firm has a market capitalization of $10.39 billion and a P/E ratio of 4.74. The company has a current ratio of 2.18, a quick ratio of 1.32 and a debt-to-equity ratio of 0.21. COVESTRO AG/S has a twelve month low of $25.94 and a twelve month high of $62.08.
Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.
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