ValuEngine Upgrades COVESTRO AG/S (OTCMKTS:COVTY) to “Buy”

ValuEngine upgraded shares of COVESTRO AG/S (OTCMKTS:COVTY) from a hold rating to a buy rating in a research note published on Monday, ValuEngine reports.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of COVESTRO AG/S from a sell rating to a hold rating in a research report on Wednesday, September 18th. Citigroup lowered shares of COVESTRO AG/S from a neutral rating to a sell rating in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold.

COVESTRO AG/S stock traded up $0.03 on Monday, reaching $24.78. 12,005 shares of the stock were exchanged, compared to its average volume of 17,618. The stock has a market cap of $9.65 billion, a PE ratio of 4.43, a PEG ratio of 4.29 and a beta of 1.77. The company has a current ratio of 2.02, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. COVESTRO AG/S has a twelve month low of $20.90 and a twelve month high of $32.48. The firm has a fifty day moving average price of $24.96 and a two-hundred day moving average price of $24.05.

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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