Deutsche Bank Aktiengesellschaft Upgrades Fortum Oyj (OTCMKTS:FOJCY) to Hold


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Fortum Oyj (OTCMKTS:FOJCY) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note issued on Tuesday, The Fly reports.

Several other brokerages have also recently weighed in on FOJCY. Credit Suisse Group cut Fortum Oyj from an “outperform” rating to a “neutral” rating in a research note on Monday, October 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Fortum Oyj in a research note on Thursday, January 7th. Finally, AlphaValue cut Fortum Oyj to a “reduce” rating in a research note on Monday, November 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Fortum Oyj presently has a consensus rating of “Hold”.

Shares of FOJCY opened at $5.16 on Tuesday. Fortum Oyj has a one year low of $2.62 and a one year high of $5.25. The stock’s fifty day moving average is $4.65 and its 200-day moving average is $4.18.

About Fortum Oyj

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Russia, Poland, India, other parts of the Baltic Rim area, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and thermal resources; and provides power portfolio optimization, trading, and industrial intelligence, as well as nuclear services.

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Analyst Recommendations for Fortum Oyj (OTCMKTS:FOJCY)

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