Fortum Oyj (OTCMKTS:FOJCY) Upgraded to “Overweight” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Fortum Oyj (OTCMKTS:FOJCY – Get Rating) from a neutral rating to an overweight rating in a research report sent to investors on Thursday morning, The Fly reports.

FOJCY has been the topic of several other reports. The Goldman Sachs Group raised shares of Fortum Oyj from a sell rating to a neutral rating in a report on Friday, February 25th. SEB Equities upgraded shares of Fortum Oyj from a hold rating to a buy rating in a research report on Friday, May 13th. Barclays reduced their price target on shares of Fortum Oyj from €30.00 ($31.25) to €24.00 ($25.00) and set an overweight rating on the stock in a research report on Monday, February 28th. AlphaValue lowered shares of Fortum Oyj to a buy rating in a research report on Monday, March 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Fortum Oyj from €17.30 ($18.02) to €18.50 ($19.27) and gave the stock a hold rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $21.25.

Shares of FOJCY traded up $0.19 during mid-day trading on Thursday, hitting $3.66. 4,086 shares of the company’s stock were exchanged, compared to its average volume of 12,854. Fortum Oyj has a 52 week low of $3.05 and a 52 week high of $6.50. The stock’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $4.83.

The business also recently announced a dividend, which was paid on Thursday, April 21st. Shareholders of record on Wednesday, March 30th were given a $0.1417 dividend. The ex-dividend date was Tuesday, March 29th. This represents a yield of 8.12%.

About Fortum Oyj (Get Rating)

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Germany, the United Kingdom, Russia, the Netherlands, the Baltic Rim area, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and thermal resources; and provides power portfolio optimization, trading, and industrial intelligence, as well as nuclear services.

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