Clariant AG (OTCMKTS:CLZNY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Clariant AG (OTCMKTS:CLZNY) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating.

Several analysts have commented on CLZNY shares. Jefferies Financial Group downgraded shares of Clariant from a “hold” rating to a “moderate sell” rating in a report on Tuesday, November 11th. Citigroup downgraded shares of Clariant from a “buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, UBS Group cut Clariant from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th.

Clariant Stock Up 0.4%

Shares of OTCMKTS:CLZNY opened at $9.00 on Monday. Clariant has a 1 year low of $8.45 and a 1 year high of $13.40. The business’s 50-day moving average is $8.88 and its 200 day moving average is $9.85.

Clariant Company Profile

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.