Zacks Investment Research Lowers Stora Enso OYJ (SEOAY) to Sell

Zacks Investment Research cut shares of Stora Enso OYJ (NASDAQ:SEOAY) from a hold rating to a sell rating in a research note published on Tuesday.

According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Shares of Stora Enso OYJ (NASDAQ:SEOAY) opened at 8.76 on Tuesday. The company has a 50 day moving average of $8.97 and a 200 day moving average of $8.62. The firm has a market cap of $6.91 billion and a price-to-earnings ratio of 7.81. Stora Enso OYJ has a 1-year low of $7.40 and a 1-year high of $10.12.

About Stora Enso OYJ

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