Citigroup upgraded shares of Covestro (OTCMKTS:COVTY – Free Report) to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.
Covestro Price Performance
Covestro stock opened at $32.03 on Thursday. Covestro has a twelve month low of $24.12 and a twelve month high of $32.60. The firm has a 50 day moving average price of $30.31 and a 200-day moving average price of $28.43.
Covestro (OTCMKTS:COVTY – Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported ($0.20) earnings per share for the quarter. The firm had revenue of $3.97 billion for the quarter. On average, research analysts predict that Covestro will post 0.03 EPS for the current fiscal year.
Covestro Company Profile
Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.
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