Stora Enso Oyj (OTCMKTS:SEOAY) Upgraded to “Strong-Buy” by Barclays

Stora Enso Oyj (OTCMKTS:SEOAY) was upgraded by investment analysts at Barclays from a “strong sell” rating to a “strong-buy” rating in a report issued on Monday, Zacks.com reports.

Separately, Citigroup upgraded Stora Enso Oyj from a “neutral” rating to a “buy” rating in a research report on Monday, July 1st.

Stora Enso Oyj Price Performance

OTCMKTS:SEOAY opened at $13.18 on Monday. The company has a market cap of $10.39 billion, a P/E ratio of -20.92, a P/E/G ratio of 0.43 and a beta of 0.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.54 and a quick ratio of 1.14. Stora Enso Oyj has a one year low of $11.19 and a one year high of $15.29. The firm’s fifty day moving average price is $12.40 and its two-hundred day moving average price is $13.33.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Stora Enso Oyj had a negative return on equity of 3.76% and a negative net margin of 2.17%. The business had revenue of $2.48 billion during the quarter. Equities analysts expect that Stora Enso Oyj will post 0.57 earnings per share for the current year.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.