Clariant AG (OTCMKTS:CLZNY) Given Consensus Rating of “Hold” by Brokerages

Shares of Clariant AG (OTCMKTS:CLZNY) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating.

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

Clariant Price Performance

OTCMKTS:CLZNY opened at $9.20 on Friday. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $13.36. The company has a 50 day simple moving average of $8.96 and a two-hundred day simple moving average of $9.66.

About Clariant

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.