Metso Corp. (MXCYY) Downgraded to Hold at Zacks Investment Research

Metso Corp. (OTCMKTS:MXCYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Metso is a globally-leading supplier of processes, machinery and systems for the pulp and paper industry and a foremost expert in the key technologies of this sector. The Corporation is also a strong supplier in automation and flow control solutions, and one of the world’s leading suppliers of rock and mineral processing systems. The main customer sectors are the pulp and paper industry, construction and civil engineering, mining and the energy industry. “

MXCYY has been the topic of several other reports. Credit Suisse Group AG restated a “neutral” rating on shares of Metso Corp. in a research note on Tuesday, September 20th. Barclays PLC upgraded Metso Corp. from an “underweight” rating to an “equal weight” rating in a research note on Friday, July 22nd.

Shares of Metso Corp. (OTCMKTS:MXCYY) opened at 7.30 on Wednesday. Metso Corp. has a 52 week low of $4.76 and a 52 week high of $7.43. The stock’s 50 day moving average price is $7.12 and its 200-day moving average price is $6.35. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 23.82 and a beta of 2.03.

Metso Corp. Company Profile

Metso Oyj is a global supplier of sustainable technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.

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