Verso Corp (VRS) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Verso Corp (NYSE:VRS) from a hold rating to a strong sell rating in a research note published on Wednesday morning.

According to Zacks, “Verso Corporation is engaged in the paper industry. The Company produces coated freesheet, coated ground wood and uncoated super calendered papers and pulp. It serves to magazine and catalog publishers, commercial printers, specialty retail merchandisers and paper merchants. The company operates primarily in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. Verso Corporation is based in Memphis, United States. “

Separately, BWS Financial started coverage on Verso Corp in a report on Wednesday, July 27th. They issued a buy rating and a $25.00 price objective for the company.

Verso Corp (NYSE:VRS) opened at 6.45 on Wednesday. The stock’s market cap is $221.82 million. Verso Corp has a 52-week low of $5.55 and a 52-week high of $12.00. The firm has a 50-day moving average price of $7.03 and a 200 day moving average price of $8.36.

In other Verso Corp news, CFO Allen James Campbell acquired 15,000 shares of the company’s stock in a transaction on Monday, August 29th. The stock was acquired at an average price of $6.09 per share, for a total transaction of $91,350.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

About Verso Corp

Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.

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