Clariant AG (OTCMKTS:CLZNY) Receives Consensus Rating of “Reduce” from Brokerages

Clariant AG (OTCMKTS:CLZNY) has earned a consensus rating of “Reduce” from the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group downgraded Clariant from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Citigroup downgraded Clariant from a “buy” rating to a “hold” rating in a report on Thursday, December 11th. UBS Group downgraded Clariant from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group cut shares of Clariant from a “buy” rating to a “sell” rating in a research note on Tuesday.

Clariant Stock Up 0.6%

Shares of OTCMKTS:CLZNY opened at $10.84 on Tuesday. Clariant has a 1 year low of $8.45 and a 1 year high of $13.36. The stock’s fifty day moving average price is $9.34 and its 200-day moving average price is $9.48.

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.