COVESTRO AG/S (OTCMKTS:COVTY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of COVESTRO AG/S (OTCMKTS:COVTY) from a sell rating to a hold rating in a report published on Wednesday morning, reports.

According to Zacks, “Covestro AG manufactures polymers and performance plastics. The Company manufactures, markets and distributes coatings, adhesives, insulating materials, sealants, polycarbonates and polyurethanes. It serves automotive, construction, health, electronics and medical engineering industries. Covestro AG is based in Leverkusen, Germany. “

Separately, Citigroup downgraded shares of COVESTRO AG/S from a neutral rating to a sell rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold.

Shares of COVESTRO AG/S stock opened at $24.72 on Wednesday. The company’s 50-day moving average price is $22.67 and its 200-day moving average price is $25.05. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 3.88, a PEG ratio of 3.85 and a beta of 1.73. The company has a current ratio of 2.02, a quick ratio of 1.27 and a debt-to-equity ratio of 0.33. COVESTRO AG/S has a 12-month low of $20.90 and a 12-month high of $42.88.

COVESTRO AG/S Company Profile

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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