Stora Enso Oyj (SEOAY) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Stora Enso Oyj (OTCMKTS:SEOAY) from a hold rating to a sell rating in a research note released on Friday, Zacks.com reports.

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. “

A number of other analysts have also weighed in on SEOAY. Goldman Sachs Group upgraded Stora Enso Oyj from a neutral rating to a buy rating in a research note on Tuesday, April 23rd. ValuEngine lowered Stora Enso Oyj from a sell rating to a strong sell rating in a research note on Monday, April 1st.

OTCMKTS:SEOAY opened at $10.40 on Friday. Stora Enso Oyj has a fifty-two week low of $10.28 and a fifty-two week high of $21.48. The firm has a market cap of $8.30 billion, a P/E ratio of 6.58, a P/E/G ratio of 0.91 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 1.35.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The company operates through five divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops virgin fiber carton board used for packaging for liquid, food, pharmaceutical, and luxury goods.

Further Reading: Dollar Cost Averaging

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