Norsk Hydro ASA (NHYDY) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “

Separately, Credit Suisse Group AG raised Norsk Hydro ASA from an underperform rating to an outperform rating in a report on Thursday, July 21st. 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 stock. The stock has a consensus rating of Hold and a consensus target price of $4.50.

Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 4.29 on Wednesday. The stock has a market capitalization of $8.76 billion, a PE ratio of 21.45 and a beta of 1.39. Norsk Hydro ASA has a one year low of $2.93 and a one year high of $4.48. The company’s 50-day moving average price is $4.24 and its 200-day moving average price is $4.01.

About Norsk Hydro ASA

Get a free copy of the Zacks research report on Norsk Hydro ASA (NHYDY)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Norsk Hydro ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norsk Hydro ASA and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.