Citigroup downgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a neutral rating in a research report report published on Monday morning, The Fly reports.

A number of other research analysts have also weighed in on NHYDY. Goldman Sachs Group raised Norsk Hydro ASA from a sell rating to a neutral rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised Norsk Hydro ASA from a neutral rating to an overweight rating in a research report on Tuesday, May 21st. Zacks Investment Research raised Norsk Hydro ASA from a sell rating to a hold rating in a research report on Friday, August 2nd. ValuEngine lowered Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Finally, Deutsche Bank lowered Norsk Hydro ASA from a buy rating to a hold rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $5.00.

Shares of OTCMKTS:NHYDY opened at $3.01 on Monday. Norsk Hydro ASA has a 52-week low of $2.96 and a 52-week high of $6.21. The firm has a market capitalization of $6.16 billion, a P/E ratio of 8.85, a P/E/G ratio of 2.06 and a beta of 0.85. The stock has a 50 day moving average price of $3.50 and a 200-day moving average price of $3.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 1.57.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Norsk Hydro ASA had a return on equity of 2.10% and a net margin of 0.07%. The firm had revenue of $4.55 billion during the quarter. On average, equities analysts forecast that Norsk Hydro ASA will post 0.17 EPS for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.

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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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